ARKKARKQARKGARKXARKW The worst news is already out, and for high volatility stocks, the market looks even more oversold than expected. Key numbers came in much better, so our target price stays the same. Short term swings won’t change the long term bullish view. Looks like a bottom is forming, and we might see a sharper and faster rebound next week compared to the last two
ARKWSPXARKWNDX Previously ARKW consolidated in a triangle its price compared to a risk free asset found support withing the ichimoku whilst ARKW pricing broke out to the upside of what was possibly a left shoulder and was short lived only to form a higher high. Whilst price is currently finding resistance within the ichimoku ARKW seems to be consolidate in a triangle again on what very well just might be a right shoulder.