Where Can the ARKK Fund Go
On the daily, 200SMA acted as very good support that got tested on the last dip. It looks like it can be tested again around $110 or so, but it would be a higher low which is bullish imo. RSI is showing higher lows as well. MACD looking like it can have a slight dip.
20 & 50 SMA act as resistance on any of the other hourly time frames. Double top at $130.
Took some sweet profits I had on 5/21 and 6/18 120c and 125c. Short term I'm bearish with a 4/30 115p for big tech earnings. I think I'll get another 115p if there's another green day, if not, my 115p will suffice as I don't want to get overextended.
If ARKK drops to $115 or $110, I'll go hard on more long term calls.
20 & 50 SMA act as resistance on any of the other hourly time frames. Double top at $130.
Took some sweet profits I had on 5/21 and 6/18 120c and 125c. Short term I'm bearish with a 4/30 115p for big tech earnings. I think I'll get another 115p if there's another green day, if not, my 115p will suffice as I don't want to get overextended.
If ARKK drops to $115 or $110, I'll go hard on more long term calls.
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