ARK has seen a good move up and broke out of its longterm channel. It has retested the yellow trendline and might do that a few more times, since we are quite high up in the RSI . But I'm bullish on ark fundamentally and technically. The first target is on the chart, after which we will probably see a short correction again.
First target (levels in the blue box) reached. Sold 20% of my stack. If correcting from here, I will add the 20% back at lower levels. Still long-term bullish on ARK.
Will update the idea after a clear pattern has formed.