Some of the most risk-on stocks, particularly in corners of software and growth-heavy technology, have been finding buyers near key support levels all week, offering great opportunities for quick countertrend trades.
Here’s today’s standout:
ARK Next Generation Internet $ARKW is currently exhibiting a Squeeze Score of 93.50.
Here's what the chart looks like:
ARKW is one of the best expressions of the bounce trade. After completing a distribution pattern, it is now finding support at a key polarity level.
With our system, it does not require a full trend reversal. Often, a short pop lasting a few days is enough to produce a quick double.
We have already played this pattern successfully in $PLTR and $HOOD, and now more and more stocks are beginning to set up in the same way.
