After consolidating falling and consoidating for almost a year, ARNA is making some move today.
It has break through its resistance at 3.18 and has went above the Kijun sen.
At this moment, it falls short of breaking through the kumo. A break above it will signal a very strong bullish move.
Kumo resistance at 3.38
SVA is making a move today.
On the Ichimoku Daily Chart, it has move above its Tenkan sen as well as move above its resistance at 5.79
Not too sure what’s the cause. But earnings is on May 13.
With earnings due tomorrow and the price trading right at Support level indicated by the Chikou Span, it is time to close the short position.