The weekly chart of ARKK could show you a very beautiful picture of what you are going to experience in the next 25-74 weeks..!
As you see, ARKK could stagnate for a long time before any breakout! the last 2 stagnation period were as long as59-106 weeks!
In the past 32 weeks, it has lost 32%, and its price volume decreased more than 70% from 13.4 billion a week to 4 billion!
Crossing below the 50 EMA in the weekly chart should be considered a very important negative factor!
Any asset could be a buy or sell opportunity at any given moment, and we should look at the opportunities, not the asset's name!
Moshkelgosha
As you see, ARKK could stagnate for a long time before any breakout! the last 2 stagnation period were as long as59-106 weeks!
In the past 32 weeks, it has lost 32%, and its price volume decreased more than 70% from 13.4 billion a week to 4 billion!
Crossing below the 50 EMA in the weekly chart should be considered a very important negative factor!
Any asset could be a buy or sell opportunity at any given moment, and we should look at the opportunities, not the asset's name!
Moshkelgosha