Jul. 10 at 6:31 PM
The ARK Innovation ETF (
$ARKK) is showing strong bullish momentum with a confirmed breakout above multi-month resistance. Here's the breakdown:
📈 Breakout above
$68.49 resistance — now acting as support
📈 Trading well above 20, 40, 100 & 200 SMAs (momentum confirmed)
📈 Ascending triangle breakout with a measured move targeting the
$80–85 range
🔄 Previous support at
$54.67 remains a critical retest zone
📉 RSI near overbought at 70+ — short-term pullback possible but trend remains intact
🔍 Volume supports the breakout, suggesting institutional interest.
💡 ARKK continues to lead the charge in speculative growth and disruptive innovation. Keep an eye on any retests of
$68 as potential buy-the-dip opportunities.
Are you Bullish or Bearish?
📌 Not financial advice. Do your own research before investing.
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