ARQL Potential Bullish Swing

9 Mar 2017

NASDAQ:ARQL its in a descending triangle and looks like it could make a move if it breaks pattern. It saw support at the 2/3 line of the previous peak so if it breaks out it could see resistance there. RSI and Price Oscillator are both in descending triangles with a consistent trendline. Price Oscillator just broke a 9 day Moving Average right at the trendline so it could be breaking out of the trendline. If you look at the MACD divergences (blue histogram) its in an lost all pressure and looks like its going to make a significant new trend. If MACD gives a buy signal and RSI crosses the trendline and price confirms with a break in the last two peaks trendline I think it could see a bullish swing and could make a nice profit.