ARI has been following a standard impulse move. So many various techniques talk of this structure but it can be hard to recognise in it's early stages. Great when you're on it.
There is one major technical concern going on, if it fails to keep support in the 150s there is a real chance it will test the 120 area. So you would need to decide whether you would want to hold through that or reset for a lower long. That aside though the larger degree targets on this are very nice.
LYC, it's funny I've noticed the posts on that have deteriorated a lot and whaddya know - the thing now has a pulse! I think the length of that downtrend makes it quite unlikely that it will just reverse, but there's enough there to suggest short term longside trading is viable.
ARI Price at posting:
$1.52 Sentiment: None Disclosure: Not Held
