Ted Warren's Investolator Message Board

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Strategies & Market Trends : Ted Warren's Investolator

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From: investolator2000	5/16/2023 6:59:16 PM
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ARC has a formation that might have been missed. I bought this one when it broke the down trend in August of 2020. The rise to $4 was not that active. The volume continued to dry up. The action at $4 at the beginning of 2022 and again at the beginning of 2023, at least to me, might be a false resistant level. If my thinking is correct, I would expect it to move to the $4 area and maybe stall for a time. It will be interesting to see if it has false rise or if it is the beginning of going even higher. Time will tell one way or another. I2000

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