Bounced off 200ma and reclaimed wedge , I want to see this close over $55 for a long position


so much for that wedge but it's off 50% from highs, Arkk has hole burnign in their pocket. Bought in the AH yesterday, looking for a bounce to mid 50s dump it there when we see another rates yield reaction
Mike_y jaredfrench
@jaredfrench, adjust trendlines a little and its still wedged. closed below 200ma but I still expect a bounce...
+1 Reply
@Mike_y, sorry, yes still a wedge you're correct. (I was thinking about another chart in reference). Thinking $EDIT bounces off the .618, PT for me is $52,84, then a retrace to the .75 area. Might go cup & handle until positive news & earnings re-establish a bull case

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