Technical analysis by Miketubarao about Symbol AR: Buy recommendation (12/18/2024)

AR is showing a bit of weakness in the weekly and daily timeframes that could lead to a drop between $12.45 to $8.81, but in the higher timeframes is looking good for continuation after a pullback, the entry is between the lows from nov and high value node below val from the 2024, if it could form a bullish divergence at the entry price would be a sign of strength to reach higher prices. The target is between fibonacci retracement/extension levels, monthly/weekly levels and value area high from 2021 highs. If you want to entry with a limit order your stop loss may be wider, that's why if the price gets below the entry region i would wait for price be accepted above the entry again so the stop loss would be way shorter.ENTRY: 12.4571282STOP LOSS: $7.555TAKE PROFIT: $76.3428968