Come and take a quick look with me at the charts, let me show you what I am talking about:
- Notice that after Ark hit its all time high on Sep. 2017 (marked purple) the price has been declining since, you can see strong waves down followed by corrective waves up.
- Until we reached a point when we go down no more. After the red dotted breaks, notice that the price starts to go straight and then slowly up.
- After removing 100% of the gains generated since April 2017, no sellers are left... What you think will happen next?
- Looking at the indicators, we can see the coming out of oversold.
- The reached a low point and is starting to curve up.
- EMA10 is now below price, which is ; I give Ark a few weeks before it pops!
Thanks a lot for reading. Feel free to like, comment and share.
More analysis will come your way.
Alan Masters wishes you lots and lots and lots of success.