ARRS bullish
Stalk it long; perhaps after some correctives. A gap support buy at 11.83 is logical. This appears to be a weekly impulse 3 up however. It may not correct that far. 12.25 price support is another good option. Logical targets are an upper channel, 5th impulse completion somewhere near price resistance, or weekly band resistance near $16.00. Or if you’re in it for the long-haul, there is the monthly band resistance at $49.00, which offers the best r/r with a stop below 10.84. i.e. Long 11.83, stop 10.84, risk 8.4%, target 314%, r/r an impressive 37!
Stop on my bias under 10.84.
