$ARKK
Added 2024-05-10 05:30:01 +0000 UTCIs $ARKK about to turn this around?
Price has been consolidating within the blue line range since early 2022 and had not looked like building an impulse wave until the start of November 2023.
Since then, the price has bounced up to the top blue line again and has pulled back in a bullish channel and has so far held on the 0.618 Fib....
However, the price is still below the 200 Day MA, so flipping this MA and the 50 Day MA just slightly above it need to happen sooner rather than later.
If successful an attempt can be made to break out of this channel and go back to the top blue line again....I believe, if this can happen again in this count, then the blue line can be broken.
Still some work to do here from the bulls but the hold on the 0.618 Fib is promising so far.
Comments
thanks CAP.
Jedi
2024-05-11 15:56:14 +0000 UTCHow valuable is TA on a fund that is constantly rebalancing?
Marty Austin
2024-05-10 13:22:33 +0000 UTCThanks Cap
Beni
2024-05-10 06:00:26 +0000 UTCYep, completely on those companies
Gareth Neary
2024-05-10 05:55:43 +0000 UTCWould this be reliant on the companies they hold also doing well?
Beni
2024-05-10 05:34:02 +0000 UTC
