Aug. 21 at 2:37 PM
$ARQT Watching
$15.40 level to act as long term support, if we hold this.
$17.70 is long term resistance and also middle of the channel we have been in since the 2024 breakout (see exhibit A) . Above
$17.70 and I think we have a good chance to hit
$21 before reverting to the mean. Side note: currently at the 61.8% Fib. September is predominately a down month for this stock while market in general can be choppy, we have a rate cut decision on Sep 17th and rates affect have a big effect. That said we have grounded out on the bottom of the channel about 6 distinct times since April so maybe this time it’s different but bracing for volatility over next 4-6 weeks 🌬️
Exhibit A: