The chart above shows how ARBK.AM
declined after the SELL
signal which was issued on 6/9/2014. Since then, the stock price edged down by a hefty 7.32%. The bearish sentiment may be over now. Our system detected a BULLISH ENGULFING
pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY
orders must be placed immediately in case of a confirmation. The BULLISH ENGULFING
pattern, if confirmed, indicates an upside potential of 4.93%. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!