Trader's Logbook

ARA, after some sharp rallies and pullbacks looks like it is creating an upward trend. Price may touch the lower slope which is our support and then bounce to another new high. Price action last January 17 was a test of resistance which was created last first quarter of 2000. The resistance was strong until February 6 when price went up and stayed above that line. Now the resistance becomes our support. This will be the first time it will be tested if price will move there. Will it hold?

Is 2 petot just around the corner? Too speculative stock though, so better watchout.

Caveat!