Is it just me or is $AR finally trying to put in a bottom here?
This thing has been on a brutal slide from $4.22 and it’s basically lost 80% of its value in a year. We're currently sitting at $1.59 and looking at the daily candles, we just hit a fresh low at $1.49 before this tiny bounce. The volume is super low at 3.16M AR which usually means the big players aren't interested yet. It’s just retail fighting over the scraps. If we can’t reclaim that $1.95 level soon, I think we might be headed for another leg down. I’m not touching this until I see some actual strength. Right now it just looks like it’s catching its breath before falling further.
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Is it just me or is $AR finally trying to put in a bottom here?
This thing has been on a brutal slide from $4.22 and it’s basically lost 80% of its value in a year. We're currently sitting at $1.59 and looking at the daily candles, we just hit a fresh low at $1.49 before this tiny bounce.
The volume is super low at 3.16M AR which usually means the big players aren't interested yet. It’s just retail fighting over the scraps. If we can’t reclaim that $1.95 level soon, I think we might be headed for another leg down.
I’m not touching this until I see some actual strength. Right now it just looks like it’s catching its breath before falling further.
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