fatimaicabc
Short

ARKQ ETF - Stop losses to be placed right away

AMEX:ARKQ   ARK INDUSTRIAL INNOVATION ETF
Monthly TA is not looking very healthy, where Elliot Wave 4 formation is on it's way.It is likely to retrace back up to 24.53 at 0.618 fib level. RSI supports dipping as it has been overbought.

Put stop loss limit at 32.44; at previous support or sell and buy at dip at 24.53 - 25.66.


As per Daily TA, RSI has been oversold and it may rebounce back depending on market sentiment, continuing formation of triple tops. In this case, sell at 37.1
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