2. Above the , the next level is a 27.50 resistance. ARKW sold 13.1%. of their shares at this level last week. ARKW still holds a large majority of their shares and demonstrated good profit taking with the small sale, after purchasing upwards of 4 million shares in 2021. ARKW’s sale caused some shake out of weak hands and brought shares down to the 22.50 . Shaking weak hands and ARK’s aggressive direction on PLTR are both good signs.
3. After some consolidation, I think shares can test the 27.50 resistance prior to August 12th . After a test of 27.50 around , a strong report could push shares above the resistance, and confirm that shares have re-entered an uptrend.