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AREC: Bullish Pennant
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American Resources Corporation
(
NASDAQ:AREC
)
LeLaf
NASDAQ:AREC
American Resources Corporation
Technical Indicators
Chart Patterns
Trend Analysis
5
8
indicator
chartpattern
trendanalysis
Bullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 8
200MA ascending
250RSI above 50
Cons:
PPS could want to go back down to fill gaps.
Target:
PT = 13.21$
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