tomj2417

ARW - Upside for this UK small cap?

Panjang
LSE:ARW   None
This FTSE small cap stock has been a real slippery customer since it topped in 2017, bouncing on all the major fib retracements only to decline further. I have even included the parallel channel to show how it may have confused some buyers into thinking that the correction was over after the first zigzag. Is this fairly dramatic reversal at the 61.8 fib retracement the signal that the downtrend has finished and it is time for it now to continue to the upside?
Penafian

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