ARKM has started to rally in Sept, and continues to show bullish momentum in Oct. In my last update I discussed the yellow and light blue trendlines as key resistance targets. ARKM initially faced resistance at the yellow trendline, but broke through resistance. Currently ARKM is facing resistance at the light blue trendline around $1.83. I think there could be a pullback down to the yellow trendline around $1.53 – $1.54 for a retest of this yellow line first. Overall ARKM is performing very well, I think there will be some continued upside over the next few weeks and months so the correction would be a great buying opportunity.

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