Massive sudden increase for ARN / aeron.aero/ - blockchain for the aviation industry. Will we see a 3rd leg up to the target price area = the same height as the triangle?
Comment:
After it's explosive sudden high profit growth - it appears that the 3rd leg has not happened (no doubt because there was no news, only speculation) and we now have what looks like the probable end of an Elliot buy/sell cycle. Even with the TD9 retracement candle AND divergence - if the price drops much far lower out of the current buy/sell zone, this whole set-up will be cancelled and we start afresh. Keep an eye of any new fresh buying pressure (Asia market). The depth of market on BNCE exchange appears to reveal more sellers. Obviously, we need real news for the interesting project to take off. The positive, is that this project is now on the radar (no pun intended :)
