ARCT has been holding steady at a solid support level and it’s primed and ready to make a run for it. There’s an inverse head and shoulders pattern that is showing flashes of a reversal. The green candle close above this channel is also confirming a breakout. Finally, we also have a strong bullish divergence indicating that ARCT is going to break out of its descending channel pattern. I’m targeting the .618 Fibonacci level and I'm feeling confident enough to place a call for $20.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.