“Shakeout or Breakdown? Let's look at Oruka Therapeutics ($ORKA)”
ARAI's dip below the 50-day MA looks like a shakeout/spring setup; bullish outlook contingent on recovery.
and I want to look at Aruka Therapeutics, biotech company. For whatever reason, when I see Aruka, I think of uh Orca, the killer whale, I guess. Anyway, I don't know why, but this biotech company isn't that. Uh it could be a bear killer though.
this stock has been on a real tear for a while. Uh we got we jumped into here uh way back when. We got a really, really good entry right on this breakout in March. Uh super high volume.
It was actually the first big volume spike in a long time since this one. And if you kind of took these out of the equation, um you'd see that this was actually uh a pretty monster uh pretty monster move.