ARB 1.26% $39.48 arb corporation limited.

Chart Updates, page-7

  1. 30 Posts.
    lightbulb Created with Sketch. 20
    Took note of your post in CVN and got curious to see what you mean with ARB.

    I don't see this as an ascending wedge. What you've drawn is ARB following a consistent channel trend, previously down from Jun to Dec 18, and now upward in a channel again since Dec 18. Good for swing traders, but I'm no expert in that.

    In terms of classical patterns, i don't see anything that stands out, so no trades for me. Resistance @ 19.70-20.00 range is also very notable.

    On a larger monthly time scale, if this hits the neckline at 14.65, then you have a top reversal head and shoulders playing out. Only speculation until the price hits that range.

    Daily:
    https://hotcopper.com.au/data/attachments/1577/1577272-39a9aa3906a58e9a0728c41f09d52ce5.jpg


    Monthly:https://hotcopper.com.au/data/attachments/1577/1577280-72e8e3137ac84786e2e68345bd683ee0.jpg
 
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