ARKG looking to breakout of year-long accumulation period. My thinking below.
50EMA crossed on weekly
Volume rising
Biotech has been beaten down over last year
Sentiment positive with US based companies
Looking at daily candles for confirmation on the break
Looking at volume shelf around $31.76 as first target, but has good room to run.
50EMA crossed on weekly
Volume rising
Biotech has been beaten down over last year
Sentiment positive with US based companies
Looking at daily candles for confirmation on the break
Looking at volume shelf around $31.76 as first target, but has good room to run.
Trade active
Weekly held above 50EMA, but false breakout. Looking for volume to increase to sustain breakout. Trade active above 50EMA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.