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jaxdog
Jun 14, 2021 5:45 PM

$ARKK Regains all Moving Averages! Long

ARK Innovation ETFArca

Description

Looks like ARKK may be ready for a nice move higher. As you may know ARKK invests in high beta stocks so it can and does move quickly. I show it broke out of a Darvas Box a couple days ago. Today it reclaimed the 200 SMA and all the shorter term moving averages are pointing up and are just under price. This should (TBD) help lift this ETF higher. You can see my entry and stop on the chart. Ideas, not investing / trading advice.
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