Jeff Sun, CFTe
Jeff Sun, CFTe

@jfsrevg

4 Tweets 2 reads Apr 07, 2023
$AR O&G exploration name. weekly chart reflects a clean inverse H&S. this is the textbook classic trend reversal pattern chart.
though RS low was established in dec, price action was widely volatile on its way up. ATR % at 5.68% of price
BO entry will require a wider stop
$AR broke out of base and remain positive throughout the session. standout performer for today's session.
was a laggard in the industry group but looking to lead for the remaining week. price now at 4 years high
$AR nice clean break from pivot. energy sector $XLE pullback to below 20MA, but $AR remains sitting on its rising 20MA to declining volume.
holding its 20MA to tightening price action will entice me to pyramid this name on a mean reversion setup
$AR break breaks through a 5 years pivot to attain its 6 years high. weekly inverse h&s trend reversal remains in play. would be wise to trail final size at 20MA on the strength of this breakout momentum.

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