JICPT| ARK seeking to go up with supply zone ahead to conquer!
Hello everyone. After tumbling approximately 70% from the high created Feb. of last year, now the chart of ARK started to get my attention.
On the daily, the red downtrend line looks to be violated. The nearest supply zone is $68 to $72, which it has to be conquered to establish momentum to the upside.
So, I'm neutral until the zone being penetrated through. Price is likely to go sideways with the bottom boundary around $52 to $55. I will pay close attention to zone if it revisit and retest the zone.
On the daily, the red downtrend line looks to be violated. The nearest supply zone is $68 to $72, which it has to be conquered to establish momentum to the upside.
So, I'm neutral until the zone being penetrated through. Price is likely to go sideways with the bottom boundary around $52 to $55. I will pay close attention to zone if it revisit and retest the zone.
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