Our wave analysis on ARBB reveals the stock is currently forming a double three (as of 05/05/21) corrective pattern of wave iv of a larger degree wave (iii). The double three here is comprised of an expanded flat followed by a contracting triangle; such a sequence is a typical type of a double three. As a side note, triangles in Elliot's wave principle usually preceed the final actionary wave in a pattern of one larger degree than the corrective combination which in this case the contracting triangle might preceed the start of wave v. We do not know whether the stock is ready to move higher (possibility of a triple three correction) but when a triangle appears within a combination correction, one might want to watch closely how the next price action will unfold. Despite the uncertainty whether the correction is coming to an end, on a technical standpoint we are bullish on ARBB on a medium term basis. If the correction does end soon and wave v starts we would put a hefty target of RM0.77 using 1.618 fib extension level from the length of wave i.