ARNA opened in what appeared to be breakout territory but we all know that breakouts are not really allowed around here if they can be avoided.
Since 2:00 yesterday afternoon this has been in a descending channel with the EXCEPTION of early trading today. Maybe we break out of this soon and start to turn positive. Four bounces seems like enough to my eyes.
It will be a tough fight to break out on the longer term charts, but it WILL happen --- one day at a time.....or one announcement at a time.....seriously, the one minute chart may be all that makes any sense right now.
A appreciate your efforts, and I am sure you are a chart master of sorts.....but Dude, it doesn't count on this or really work for ARNA stock. My One Second Chart says so. It's still a buy, JMO.