NASDAQ:TARK
AMEX:ARKK
TARK the 2x ETF based on the popular ARKK etf is on the move. I am expecting a bullish climb into the close of the year. I have laid out the trajectory but most importantly the levels at which to short it as it moves higher to collect profits on the way. Magenta and yellow arrows are where to initiate shorts and white arrows are for...
Tark is a very good bottom bounce. Stocks near lows move the most (see YINN recently). TARK has the potential to make a 50-100% move, use 10 day, second break of 5 day, or 20 day as trailing stops depending on macro outlook.
I will use 2nd break of 5.
This is new and just arrived in time for a market dead cat bounce or a massive recovery - this way be a valuable tool. I want to put it on your radar.
No targets yet.
Good Luck
