RE:RE:Chart Review, 1.4 millionWhen you see two resistance lines converge, this is where one would expect for shorts to pile in against the stock. The shorter resistance line and the blue support line are narrowing, which presently is a Bearish Rising Wedge. Their Apex point is out a fair bit in time, meaning the Wedge isn't terribly powerful.
What would be very healthy is the stock pausing and chopping sideways for about a week. This would ease back over-bought pressure, allow shorts to create a larger position against the stock and set it up for a nice powerful move higher to take on $6.
The intensity and power of the Bulls in this stock makes me think the plan is strong, longer term accumulation by institutions instead of trading technicals. All of this is dependent upon how Gold moves. My guess regardless of the present charts, Aris would hit $6 near term if Gold roars to $2400 again.