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Aroway Energy Inc ARWJF

Aroway Energy Inc is engaged in the exploration and development of oil and gas properties. Its operations take place in Canada, Alberta.


GREY:ARWJF - Post by User

Bullboard Posts
Post by Techsavyon Jan 30, 2014 8:46am
155 Views
Post# 22151940

Charts confirmation

Charts confirmationhttps://stockcharts.com/h-sc/ui


Only for the techies on the board. This chart pattern is a perfect example of a stock hemmed in by the long term down trend line. While extraordinary news might violate these trend lines for a period of time, they always find their truth course which in this case, is down. It hasn't bottomed yet, and nothing (chart wise) would indicate that it's ready for a true "run"

If ARW can even attempt a stab at establishing some kind of support level, it might be worth looking at. Until then, protect your capital

PS: You need to take a straight edge and run it across the tops of the highs for the last 3 years and you'll get the idea of which way ARW is heading


Bullboard Posts