ARK has seen a good move up and broke out of its longterm channel. It has retested the yellow trendline and might do that a few more times, since we are quite high up in the RSI. But I'm bullish on ark fundamentally and technically. The first target is on the chart, after which we will probably see a short correction again.
Trade active:
First target (levels in the blue box) reached. Sold 20% of my stack. If correcting from here, I will add the 20% back at lower levels. Still long-term bullish on ARK.
Will update the idea after a clear pattern has formed.
Will update the idea after a clear pattern has formed.
