Armh 6-month chart Short
After a failed retaliation, the stock will now most likely drop down to $45.61 and do a jump skip.
What I've taken note of in the past (indicated in the MACD indicator with red ellipses) is a ~ -2.1% drop after jumping, this measurement is taken after the stock has settled down to a second resting level. Making the assumption that this stock will repeat its past, we can make the assumption that the price will drop down to our predicted level and then proceed to jump. We don't know how far it will jump but we do know it has resistance to go against its previous regression trend and will attempt to resume.
What I've taken note of in the past (indicated in the MACD indicator with red ellipses) is a ~ -2.1% drop after jumping, this measurement is taken after the stock has settled down to a second resting level. Making the assumption that this stock will repeat its past, we can make the assumption that the price will drop down to our predicted level and then proceed to jump. We don't know how far it will jump but we do know it has resistance to go against its previous regression trend and will attempt to resume.
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