FriscoTrades

$ARKK Lord Says Bounce Cometh ?

Long
AMEX:ARKK   ARK Innovation ETF
$ARKK is clearly in a downtrend, however I think we get a bounce in the short term before further downside.

RSI approaching oversold and volume appears to be showing seller's exhaustion.

Plan is to play the bounce going long ST calls, take profits around 91 zone then go short again...


Note, not much support below, and ST long idea is invalidated on a break below $75

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