Arv are in a solid downtrend and need to break 22 to form a reversal, that's the line in the sand!
A break of 16 (support) may mean more selling and adding further pressure to the price.
The gaps in the chart have nothing to do with drilling or up and coming news and are not in comparison to other stocks.
My comments have been based on price, volume, buying and selling and support levels.
It flatters me do think you have looked at my comments on KAI., which I have expressed is in a consolidation phase and has been trading at its support level for many weeks now.
Price action Rayz, not your fundamentals suggest KAI is in a better place at this moment in time.
"my kai" - no Rayz, this type of comment suggests I'm in love with KAI, well I'm clearly not Rayz so best you stick just to the commentary of the stocks
A break of 3.4 for KAI could see them back to 2 cents, however a strong consolidation sees their probabilities with a move to the upside.
We all know however that can change quite quickly, and I'm prepared to change with the market, my question to you Rayz is, "are you? "
Good luck to you.
ARV
Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
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