ARB has formed a clear double bottom pattern on the daily chart, signaling a strong reversal structure. After multiple rejections, the price has now broken above the neckline resistance, confirming bullish momentum.
The breakout is also supported by increasing volume and a bullish crossover of the 100 and 200 EMA zones. If the current momentum holds, ARB could reach the target of $0.75- $1.20 level.
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