ARK Innovation ETF
Investment Thesis
ARKK reclaimed its 50-day MA ($70.92) on April 13 after a brutal ~25% drawdown from February highs, with MACD histogram turning positive for the first time since the decline. A tactical bounce toward the 200-day MA ($77.43) looks probable, though the death cross overhead keeps this a trade — not a trend reversal call.
Why It May Work
Why It May Not Work
Timeline
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