The price of share $AR
is rising rapidly❓❓
This could be a temporary decline...
The price of share $AR just recorded a local high of $5.26 after a sharp rise from $4.62. However, early signs of exhaustion show consecutive rejection candles, and weak momentum indicates a potential pullback is near. For short sellers, this could be an ideal area for a tactical move.
📉 Short Trading Settings
• Entry Area: 5.13 - 5.10
• Take Profit 1: 4.95
• Take Profit 2: 4.82
• Take Profit 3: 4.70
• Stop Loss: Above 5.27
• The rise appears overly extended, and there is a divergence in the Relative Strength Index (RSI) on lower time frames. A pullback here would not surprise smart traders who are shorting.