reversal forming, page-2

There is potential for this to fall right back below the 106 area. At this stage I think that is unlikely however I also think that to ignore that scenario would be foolish.

The gap at 124.5 seems a likely fill, it has started a FSS setup which suggests the 115 to 125 area has a high probability. The 200 extension (equality) long target of 192 hasn't been reached but it did come within a few cents so you could also argue that technically the run is over.

I think given the base this has come off there is room for more upside and I'll continue to look for long positions as long as ARI continues to trade above 82. However a lot more caution now needs to be given to this stock.

ww1