Chart of the Day - Monday, June 9, 2025

June 9, 2025
Patrick Dunuwila

Chart of the Day

 

🏆  Today's Chart of the Day was shared by Steve Strazza (@sstrazza). 
 

  • Space stocks are gaining momentum with the Ark Space Exploration & Innovation ETF ($ARKX) blasting off to all-time highs today.
     
  • $ARKX initially cracked resistance at $21 on Friday, but the breakout was confirmed today as $ARKX pushed deeper into uncharted territory. This level has been the ceiling for $ARKX since its inception in 2021. 
     
  • If the breakout holds, $ARKX could make a new leg higher in the coming months as it explodes out of a three-year Cup & Handle pattern. The top five holdings in $ARKX are: $KTOS, $RKLB, $IRDM, $ACHR, and $AVAV.
     

The Takeaway: Space stocks have set the stage for a potential leg higher, with $ARKX blasting through resistance at $21 today as it launches from a massive accumulation pattern.

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