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rocksteady05
Aug 4, 2021 12:18 PM

ARKF resistance bounce Long

ARK Fintech Innovation ETFArca

Description

ARKF has been hobbling for quite some time after the incredible rise. It appears it has somewhat settle in and we may not see the drastic gains of previous year, but the resistance line appears fairly reasonable. I think there's a high probability of it bouncing off that line once more in the next week, before making a run that will get it back ahead of the last few months. Unsure of the long term growth, but I do think we're in for a rebound in the next 1 to 2 weeks.
Comments
zAngus
The ARK portfolio has really struggled this year with the movement away from Growth stocks. I think a lot of the money that was chasing ARK moved across to Crypto. I'm a fan though so lets hope they continue to recover.
rocksteady05
@Angusmck, absolutely. she has really been re-shaping this fund from the ground up with recent purchases.
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