A follow up since my last post on ARNA.
Since the last post, ARNA has reversed.
From a technical point of view, it seems like an ascending triangle is forming. With the flat top at 5.46 from the June high.
Both the kumo and the trendline is suggesting a support at 4.74
It is hard to say whether ARNA will break out on top. But, if it does breakout, I have a target price of Â $6.60 for it. If it breakdown, a possible target price is 3.90.