ImportantImports

Strong Support for Cathie Wood's $ARKK (and $TSLA?)

Lång
AMEX:ARKK   ARK Innovation ETF
A trend line drawn from the pre-pandemic crash high in early 2020 to the current price point gives us a trend line that has acted as support as many as 10 times since July 2020 without failure. This would suggest we are currently sitting on a strong floor and should bounce higher from here. That would be quite bullish for $ARKK and probably its largest holdings, $TSLA $SQ $TDOC and $ROKU.

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