Jul. 7 at 1:03 PM
$ARCO For me, it's about risk to reward. Because the 200 (blue line) is such a bugaboo to get over, and it failed recently (circled), that is where I would set an alert. I know it's higher, but if it trades over the 200, with volume, the chances of reward are greater than the current risk, IMO. This is where patience comes in. If it happens, it happens. Have a terrific week.