ARKK is following the same movement seen on several tech stocks today: A possible double top in the 30min, indicating a brief exhaustion, but this is expected.
The 119.15 is the pivot we must see broken as soon as possible. This will lead to a greater upside movement in larger timeframes.
The red line is not going to be an easy foe for ARKK, as it seems the market remembers this price level pretty well. Yes, we also have a small divergence on the RSI, which could make ARKK fall a little tomorrow, but this wasn’t confirmed yet.
On the other hand, if ARKK breaks the resistances mentioned, the 130 is our next stop!
Let’s wait for more confirmation on ARKK!
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See you soon,
Melissa.
The 119.15 is the pivot we must see broken as soon as possible. This will lead to a greater upside movement in larger timeframes.
The red line is not going to be an easy foe for ARKK, as it seems the market remembers this price level pretty well. Yes, we also have a small divergence on the RSI, which could make ARKK fall a little tomorrow, but this wasn’t confirmed yet.
On the other hand, if ARKK breaks the resistances mentioned, the 130 is our next stop!
Let’s wait for more confirmation on ARKK!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.