ARKK forming a wedge base above pre-pandemic highs. Could break either way, but think it goes to the upside towards $89 resistance. RSI has already broken the downtrend and the extremely high volume typically markets capitulation.
ARKK topped in Feb 2021 and went down 60% from ATHs. Growth stocks have been in a bear market for about a year, which is the same amount of time it took the 2008 bear market to bottom.
Be greedy when others are fearful.
ARKK topped in Feb 2021 and went down 60% from ATHs. Growth stocks have been in a bear market for about a year, which is the same amount of time it took the 2008 bear market to bottom.
Be greedy when others are fearful.