Continuing my monitoring of ARE.
As of yesterday’s close, there is still no sign that it will continue to be bullish since its last gap down.
It has just rebounded off a support at around 51.78 and it is still too early to tell if it will climb higher. If it fails to climb higher and break [...]
It’s been quite some time since my last ARE trade; a trade that I cut-loss.
I am not sure what caught my eyes today. Subconsciously, my mind was telling me to take a look at ARE again.
An interesting development on the Ichimoku charts.
On the Weekly Chart, I can see that ARE has hit the kumo’s wall; [...]
This is another counter that I have to cut-loss.
The good thing about it, is I cut loss fast.
The moment it break out of its $40 resistance, I know something is not right. Add to that, there’s quite a fair number of shorts covering.
Currently, it is trading at $51 on news that it has raised its [...]