ARK Innovation ETF (ARKK) • Cathie Wood quitting McDonald's soon
Updated
This chart looks nasty and that is paradoxically good.
There is good enough probability that ARKK found the bottom with strong volume reaction and price sitting at .7 levels from the highs.
At least bottom probably is found around these levels after a very violent 59% drawdown from ATH.
It is a bit early to tell but so far those macro selling volumes are looking to offset the buying climax at the top.
There is good enough probability that ARKK found the bottom with strong volume reaction and price sitting at .7 levels from the highs.
At least bottom probably is found around these levels after a very violent 59% drawdown from ATH.
It is a bit early to tell but so far those macro selling volumes are looking to offset the buying climax at the top.
Note
Support has been broken badly. Next target zones as follows
Down momentum is continuously strong across all growth equities.
D7R
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