Below are the Upside Resistance Lines for Ark Innovation ETF (ARKK) based on the work of Edson Gould: Continue reading
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Gould’s Upside Targets for Ark Innovation
Posted in ARKK, Edson Gould, Speed Resistance Lines, SRL, upside target
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ARK Innovation Price Target Update
Below is an update to our March 5, 2021 downside targets for ARK Innovation based on the work of Edson Gould.
The targets, based on the $156.58 peak, continues to be at:
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$90.73 (conservative target)
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$71.98 (mid-range target)
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$53.23 (extreme target)
The red boxes indicate where the price either breaks above or below the prior support (now a resistance level). Currently, the ascending $71.98 level is a resistance which, if broken to the upside, will provide positive momentum to retest the ascending $90.73 level. Naturally, a break below the ascending $53.23 level usually results in that being the next target for the price of the ETF.
Posted in ARKK, Edson Gould, Speed Resistance Lines, SRL
ARK Innovation ETF Downside Targets
Below are the downside targets based on the work of Edson Gould.
The targets, based on the $156.58 peak, are:
- $90.73 (conservative target)
- $71.98 (mid-range target)
- $53.23 (extreme target)
Posted in ARKK, Edson Gould, SRL