For those who own ARKK its had a great week, gaining nearly 19%. The upmove brought it to important resistance level Remember what that means everyone. . If it breaks through $42 on a consecutive weekly closing basis, it would be a major breakout with next resistance $54. Resistance is usually once a stock hits a certain price point it meets what is called resistance. And usually if it doesn’t have the strength or momentum to break through that price point or resistance to continue up —it either stays at that level or goes back down. If it does break through and stays above that price point for two consecutive weeks at the close of the market that technically speaking is considered a major sign the stick could go higher

Posted by Suze at 2023-11-06 15:55:12 UTC