$ARCC – Bullish Range Compression Setting Up for BreakoutAres Capital CorporationBATS:ARCCKlejdiCuniARCC – Bullish Range Compression Setting Up for Breakout ARCC has completed a clean recovery after breaking out a bullish wedge pattern and is now consolidating in a well-defined range between $18.50 support and $19.40 resistance. The price structure remains constructive as buyers continue to defend higher lows within the range, suggesting accumulation beneath a key supply zone. A decisive breakout and close above $19.4038 could trigger the next leg higher, opening the path toward $20.50, which marks the first major resistance and measured-move objective. If momentum remains strong above that level, the next upside target sits near $21.50, representing a significant supply zone from prior price action. Bullish Scenario: 🎯 Target 1: $20.48 🎯 Target 2: $21.63 You can find more details on the chart. Thank you and good luck! 🍀 ⚠️PS: Do your own analysis and use your own strategy to join the trade. ❤️ If this analysis helps your trading day, please support it with a like or comment