ARK Innovation ETF
Long

ARKK: when a breakout isn’t just a breakout-it’s a runway to $91

102
On the weekly chart, ARKK has broken out of a long-standing ascending channel, ending a year-long consolidation phase. The breakout above $71.40, with a confident close and rising volume, signals a transition from accumulation to expansion. The move came right after a golden cross (MA50 crossing MA200), further confirming institutional interest. Price has already cleared the 0.5 and 0.618 Fibonacci retracements — and the 1.618 extension points to $91.40 as the next technical target.

Momentum indicators like MACD and stochastic remain bullish with room to run. Volume profile shows low supply above $75, which could fuel an acceleration toward the target zone.

Fundamentally, ARKK remains a high-beta, high-risk vehicle — but one with focus. The ETF is positioned around next-gen tech: AI, robotics, biotech, and automation. Assets under management now exceed $9.3B with +$1.1B net inflow in 2025. YTD return stands at 37%, and its top holdings (TSLA, NVDA, COIN) are back in favor. This isn’t just a bet on innovation — it’s diversified exposure to a full-blown tech rally.

Tactical setup:
— Entry: market $69.50 or on retest
— Target: $80.21 (1.272), $91.40 (1.618 Fibo)

Sometimes a breakout is just technical. But when there’s volume, a golden cross, and billions backing it — it’s a signal to buckle up.

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