ARKK: Wait for the Long Consolidation!
Not so long ago Morningstar and the media had a heyday calling Cathie Wood a "Wealth Destroyer", meanwhile the ETF was breaking out of a two and a half year long consolidation.
Here we are, 98% later. $ARK Innovation ETF(ARKK)$
Line chart on TradingView platform displays ARKK ETF price from 2021 to 2024 with axes labeled in USD, showing downward trend to low around 30 in 2022 then consolidation and upward breakout to 98 by mid-2024, red circle marks low point, horizontal resistance line at 45.98, text overlay ARKK, watermark from TradingView.
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