Although Friends' shares $ARB have risen more than threefold from their low in roughly two months, they have yet to begin their true rally.
They have attempted to break out of the downtrend four times since being listed, but have failed. Despite being rejected for now, they appear likely to form an inverse head-and-shoulders pattern after a slight rebound.
If this pattern is completed, it will break the downtrend, and I believe we will then see a stronger rally.
$ARB
They have attempted to break out of the downtrend four times since being listed, but have failed. Despite being rejected for now, they appear likely to form an inverse head-and-shoulders pattern after a slight rebound.
If this pattern is completed, it will break the downtrend, and I believe we will then see a stronger rally.
$ARB
