Update on ARKK Monthly Reloading. Looking like there might be some more pain in bound. MACD is still pushing down and its looking like it could hit the MA at the bottom of the fib channel. It's easy to kick ARKK while it's down but you can't ignore its past wins and its potential to win again.
Save some Cash, Start Nibbling from lower 60s. But Best Time to enter would be Jul 22, But more importantly Dollar Cost Averaging. ARK funds are a long term play. It was never meant to Rocket Up the way it did during Covid 2020. Now after its back to earth, look for 5-7 years steady growth.
People don't understand the real impact of some companies in the coming years, so they think Arkk will die tomorrow. If Ark will die we'll see delete from the US market companies like: - Tesla - Coinbase - Block - Teladoc Seriously, do you think in the next 3-5y will they disappear? Absurd, markets aren't a straight line always uphill :)
$ARKK is clearly in a downtrend, however I think we get a bounce in the short term before further downside. RSI approaching oversold and volume appears to be showing seller's exhaustion. Plan is to play the bounce going long ST calls, take profits around 91 zone then go short again... Note, not much support below, and ST long idea is invalidated on a break below $75
Today we will take a look at ARKK. The main element we have to comment on is the current decline, the biggest in the ETF history. The current drawdown is at 51%, and we have three other situations in the past where we observed declines of 30% or more. Here are some key ideas you can use to increase the odds of engaging on a successful setup on the ETF,...
TDOC : One of Cathie Wood's big holdings. After being totally destroyed TDOC stock is showing some positive signs of a reversal : 1. Hammer candle on daily (which will have to be confirmed by one or two more candles, i.e. follow through). 2. Bullish divergence RSI-PRICE 3. Price just below historical support-resistance zone . I don't like that fact that...
Will this area hold as first support, turn around and go to space? Or will it orbit in this area?
I put my faith in Cathie and engaged in the Twitter spat between her and Puru. That ego cost me. My stops below the price action range have triggered and if the Weekly bar closes where it is now AMEX:ARKK will be in a confirmed bearish trend. I'm not going to baghold and hope. I've closed out my shares of ARKK but left on the June Calls which I'll let come...
A stock that has gained traction from famous investors such as Cathie Wood but analysts still dont trust the stock and have mainly sold and hold on it. According to the technical analysis the stock seems to have reached the support level and bounced of it hopefully Wednesday’s FED meeting will not force the stock to break that support.
Today we will take a look at CRISPR Therapeutics. Which are the main technical elements we can see here? a) The price is against a major Support/Resistance level, working since 2018. The price reaction on these zones tends to provide solid insight into future movements. b) Let's assume the price bounces on the current zone; what can we expect? - A...
I admire folks that are willing to put their trading out there for comment and criticism. It takes a lot of emotional control to trade in isolation much less when under public scrutiny. Cathie Wood was the idol of the trading world last year and widely followed for her style of exciting and parabolic investing as well as her public charisma and confidence. ...
Quick Analysis on Ginkgo Bioworks Holdings, Inc. (DNA) on a 4H Linear Chart. This is an Ark Invest (Cathie Wood) portfolio name. 1) The stock price for DNA looks to be potentially forming a Head and Shoulders Pattern with the current Right Shoulder formation in process. 2) The Right Shoulder price target would be around $12-$12.25 using the Volume Profile (VPVR)...
With Cathie Wood & Michael Saylor buying the dip doing so was almost compulsory. We have the best investors & best leaders in the space constantly voicing their opinions as well as their purchases. IMO there will never be buying opportunities like these again, specifically not at these prices. Unlike most of you, I survived the Bear Market/Sideways action of BTC...
Today, we will look at ARKK, one of my favorite assets to trade. What can we see right now? The price made a new local low last week, which took us to a 42% decline since the previous ATH on February 2021. As you can see, this scenario already happened in the past, and ALL the time, we saw new ATH coming after that. That's why it's important to define what...
Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Ark Innovation ETF ( ARKK ) led by Cathie Wood. #CryptoPickk notes the following: 1) Ark Innovation has had a great run from 2020 into early 2021 when the ETF made an all time high. Since that point, it has been correcting. 2) Since the all the high, the price has been...
Starting out on TradingView I been doing alot of BTC and Crypto related TA and then slowly moved on into stocks. My biggest winner would be NNDM with Maxar a close second. With that said, I've been watching NNDM for a hot minute and think theres some long term and very speculative short term opportunities a head. Zooming out on the day chart and pulling up a...
Today, we will take a look at Square INC. The main context for the price is the previous corrective structure (white lines). In August, the price apparently made a breakout which then got back into the structure once again, creating a secondary structure (yellow lines) We always work with the idea that the price moves between zones of the same degree, so, in...
Palantir is showing a right shoulder under formation, with the characteristic that the volumes on the head are low, as it should be for this kind of reversal pattern. In my opinion the price is now targeting the 21.30$ level, where it will probably and ultimately breaking the H&S neckline. This might be happening today or on Mon-Tue next week and not necessarely...