I drew this chart about a week ago. Looking at the past few weeks, we have created a downward pennant and today we have just broke out of the pennant. We could see a trend reversal as long as the channel holds.
If this trend holds we could potentially see a decent return from this buy. However, before we break out more we should be seeing ARK going back to retest the support
If this trend holds we could potentially see a decent return from this buy. However, before we break out more we should be seeing ARK going back to retest the support
Comment:
Blue solid lines are the support. It should touch before bouncing if its a confirmed reversal.