ARKK has recently been pulling on back along with the overall Nasdaq and has found a support at the trendline, I think this trade is a great opportunity since ARKK's performance lags the overall Nasdaq recovery. If ARKK makes a recovery to the take profit area it offers around a 25 to 30% ROI .
The indicates that it's oversold and in an uptrend
The shows signs of exhaustion of so I'm thinking we will see some in the next few days.
When To Buy:
Now or when it breaks through the key level.
When To Sell:
I recommend selling in the take profit area.
Fundamentals: Arkk is an innovation created by Ark invest. ARKK focuses on doing the investing for you. Their fund owns shares in many companies including TSLA , TDOC , SQ , ROKU, Z, ZM, BIDU , SHOP, SPOT, EXAS and many more. If you believe that those companies will grow well then the will also grow.
Rating: 95/100 the technicals are very good and so is their business model and I think this is a great trade opportunity.
NOTE: I might buy some shares.
I hope you enjoyed this quick analysis and many more to come.
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