ARK bouncing from support
Updated
I drew this chart about a week ago. Looking at the past few weeks, we have created a downward pennant and today we have just broke out of the pennant. We could see a trend reversal as long as the channel holds.
If this trend holds we could potentially see a decent return from this buy. However, before we break out more we should be seeing ARK going back to retest the support
If this trend holds we could potentially see a decent return from this buy. However, before we break out more we should be seeing ARK going back to retest the support
Note
Blue solid lines are the support. It should touch before bouncing if its a confirmed reversal.
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