AR is attempting to base after a steep selloff from the $44 level. Over the past few sessions, price has found stability above the anchored VWAP (yellow line) and printed multiple higher lows. Today’s close at $33.82 brings it right up against the recent short-term resistance near $34.
Volume is steady (5.52M vs. 5.82M average), suggesting balance between buyers and sellers. A confirmed breakout above $34 with volume could trigger a move toward the $36.50–37 range, where the next anchored VWAP (red) and declining 20 EMA reside.
This setup favors early reversal traders with tight risk below VWAP and confirmation needed through $34.25.
Indicators used:
Anchored VWAP (short-term support reclaim)
Volume trend (flat but no selling surge)
Price structure (potential bottom formation with higher lows)
Entry idea: Long above $34
Target: $36.50–37
Stop: Below $32.75 or VWAP zone
Volume is steady (5.52M vs. 5.82M average), suggesting balance between buyers and sellers. A confirmed breakout above $34 with volume could trigger a move toward the $36.50–37 range, where the next anchored VWAP (red) and declining 20 EMA reside.
This setup favors early reversal traders with tight risk below VWAP and confirmation needed through $34.25.
Indicators used:
Anchored VWAP (short-term support reclaim)
Volume trend (flat but no selling surge)
Price structure (potential bottom formation with higher lows)
Entry idea: Long above $34
Target: $36.50–37
Stop: Below $32.75 or VWAP zone
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.