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[Costa]

Arca Biopharma Inc (NASDAQ:ABIO) After over 3 months of remaining below its 50-day EMA, the stock could be in the early stages of a big rally. Today it moved higher, ending the day at $1.45 with strong volume. Next key resistance is now located at $1.60 (EMA100), a break above this level will confirm the bullish trend, and the following uptrend will take price up to $1.67 zone. The RSI is strong and headed up towards the 70 level, which is a sign of growing strength in the stock. Also, the MACD is giving a positive indication. Long setup.