ARKM | Pullback Before Continuation | 40%

ARKM had a phenomenal run-up, but I think now it's time for a pullback. It should bounce back at around $1.5, where the SMA-200 is, and the place it went into overdrive on the way up. Whether it can reach new all-time highs remains to be seen.

Comment:

*SMA-200 => SMA-50

Comment:

ARKM is reacting according to the plan by falling off the cliff. There's nothing to do except to trail the stop loss into the profit zone :)

Trade closed: target reached