ARWR has been traveling in a possible Bearish Narrowing Rising Wedge
This pattern is not valid unless lower trendline is broken and it has not been
I have noticed the rising wedge often bites a security at earnings though..so be careful
And it is possible, to break UP and over the rising wedge. I have noted stocks do not stay there long as a rule. But rules are made to be broken (o:
CRM broke up and out of a RW when it was added to the DOW.
Possible targets if this stock is able to beat this wedge pattern are 94.2 107.2 116
Possible stop below HL ( 59.18) or MC (46.5)
The last pivot low or support level you feel is adequate can also work
Just be safe
This pattern is not valid unless lower trendline is broken and it has not been
I have noticed the rising wedge often bites a security at earnings though..so be careful
And it is possible, to break UP and over the rising wedge. I have noted stocks do not stay there long as a rule. But rules are made to be broken (o:
CRM broke up and out of a RW when it was added to the DOW.
Possible targets if this stock is able to beat this wedge pattern are 94.2 107.2 116
Possible stop below HL ( 59.18) or MC (46.5)
The last pivot low or support level you feel is adequate can also work
Just be safe