ARK trying to break out

ARK has steadily climbed right back up to it's old IPO highs at around 4.50 from .03.

We need to break this resistance to see a new leg higher.

It has consolidated since September sideways under that level until bouncing off the upward sloping trend line, a bullish sign.

The longer we consolidate under this level, the stronger the break out might be. We want to be long over a strong break out of those old highs at 4.5 on good volume and if we hit overbought on the RSI.


Long over old highs around 4.5
Stop under 4.00
Target 6.74 (161.8% retracement of September to October consolidation range)

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