Cathie and ARK funds continue buy an enormous amount of stock in $DNA.
I get that adding here above the $1 line is attractive on a R v R basis.
$DNA still has a lot of work to do to turn this around again and start looking bullish, first objective would be to get above the 0.887 Fib at $1.29 and turn this into a support level and then it can attempt to move higher to the 50 and 200 Day MA.
I can not add in an impulse wave again just yet until I see signs of a reversal, otherwise it is just assuming that they will start an impulse wave and that is not confirmed.
Kyle
2024-02-12 21:22:56 +0000 UTCSteven
2024-02-10 14:53:20 +0000 UTC