Traders are watching this Rounding Bottom on AR. Inspect the chart now.
Gradual reversal from bearish to bullish.
Indecision. Widening then narrowing range.
Bearish continuation if preceding move was down.
AR is showing interesting structural developments at $1.69. The stock is trading at $1.69, up 1.63% on the day. Price action has carved out a classic Diamond. Volume is average (0.8x avg) with moderate trend strength (0.5). A potential breakout level is identified at $1.53, targeting $1.08 with support near $1.76 (R:R 2.0).
What is your outlook on AR?