First Trust Merger Arbitrage is slightly down on the day, it isn't making a very large move but still down -0.02%. We'll see if it can keep moving down or not. It looks like MARB may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line MARB is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through
this line in which case there might be a burst of selling on the other side. The company has been chopping around the last few months without a clear directional momentum. So it may move up from this point, but hard to say.
If we get a reversal off of support and First Trust Merger Arbitrage starts moving up, it can probably get to $20.99 at which point it'll need to break through that resistance level in order to keep moving higher. If First Trust Merger Arbitrage continues to break down lower from here, it'll likely fall until it gets to $20.58 at which point previous buyers at this level may move in and give it support.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
