$ARES 1W Analysis & Key levels

ARES 1W Analysis & Key levels

OK… so someone from another site had asked me to look at ARES.
Beautiful Chart.
Definitely seeing a head and shoulders.
It’s sitting right at what would be buy target #1 so maybe I’ll look to start a position this week, or a plan… (Honestly Target 1 is looking awesome)
35EMA (Red line) on the Weekly chart has been a LONG support so let’s see if it holds...












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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.

Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.

If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.



Have fun, y’all!!

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