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leongaban
Sep 15, 2020 1:59 AM

Bullish on ARKK ascending triangle pattern Long

ARK Innovation ETFArca

Description

I love my triangles, and got the 12/18 $110 call options for ARKK based on several indicators / patterns here.

RSI / MACD flipping, price sound support and higher lows from channel bottom trend line, and the beautiful ascending triangle.

ARKK's biggest holdings are TSLA and SQ which are not showing any signs of slowing down going into the end of the year.

Comment

The star is the 12/18 $110 call strike price

Comment

Break out happening now!

Comment

Price of ARKK is up, but it's grinding up the bottom support line of the original channel I drew. Closed the PUT spreads I was selling for about 14% profit.
Comments
dstroy3
I have the 12/18 $120 call. Am in there with you!
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