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Analysis: #NASDAQ
Case 494 #ARCABiopharma Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#ABIO 1/4
Case 494 #ARCABiopharma Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#ABIO 1/4
Chart1
Daily Chart: An attempt to form a base is in process, #momentum is negative but rising slowly. Notable #resistance at 6.29 (Fib. 0.786) slightly above the June 2020 trendline at 5.93. A close/hold above synthetic and control at 8.82- 9.06 respectively is .....
ABIO 2/4
Daily Chart: An attempt to form a base is in process, #momentum is negative but rising slowly. Notable #resistance at 6.29 (Fib. 0.786) slightly above the June 2020 trendline at 5.93. A close/hold above synthetic and control at 8.82- 9.06 respectively is .....
ABIO 2/4
..... required to target 12.60 then 16.18. To the downside, #support begins at 3.36/26 (#Fib. 0.942 and #pivot) then the channel sloping at 3.04. And farther down below the Dec. 2018 #trendline support, currently, at 1.05.
ABIO 3/4
ABIO 3/4
