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Technical view: ARK Innovation (ARKK)

Technical view

ARKK is in stage #4. A week ago, the stock saw a great rebound when ARKK jumped from $32 lows to $40. But that bump didn’t last long. Last week, the stock reversed again and dropped erasing half of the previous week’s gains. The weekly chart provides some hope that the stock may still move into stage #1 or even stage #2 if the weekly trend holds. I still wouldn’t invest in this stock.

Technical view

The stock is now HOLD

This post was published in our newsletter to our subscribers on Saturday, November 19th, 2022. If you want to learn more about our stock technical analysis subscribe to our weekly newsletter.

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