The macro count is pretty clear. We're below the 38.2% fib of the impulsive move from the covid lows, and approaching the 50% fib as well as the bottom of the channel. The weekly RSI is lower then even the covid lows of march 2020. In fact the RSI hasn't been this low since inception in 2016.
As with all of ARK's ETF's these are long term plays. If you want...
-Primary W4 target zone (38.2 - 50)
-Nearing channel bottom
-Reached 1st fib target for Y leg of W4 (-23.6)
-Confluent support of 38.2 fib and channel bottom
-Weekly RSI at march 2020 covid lows
-Downside risk defined at 72.50
From the looks of it, we might be nearing a bottom on growth stocks. Keep in mind this is a weekly chart so if we do continue down, it...
NYSE:LMND is the new and promising tech company in the insurance market. It's beyond promising; it's already a product with proven scalability and disruptive features to the aging insurance business model. Lemonade follows a creative insurance model. To understand this, consider the conventional insurance business model where companies are incentivized to NOT...
LMND is my favourite investment stock lately, as it has a lot of potential, it's going to disrupt the insurance market with it's totally new and innovative strategy and operation method. This is the fintech in banking (like Revolut or N26) or a Tesla in cars or the smartphone itself in communication! Seriously, I'm not hyping the stock, do some research and as you...
CVS has been testing the upper trend line of its rising wedge, which it has breached a couple times in the last two days. The last three days have also seen heavy call option buying activity. CVS has a very bullish 9.4/10 Equity StarMine rating, and it's rated as extremely undervalued by S&P Capital IQ.
Investors are betting, in part, that CVS will benefit from...
Online grocery shopping is growing fast and the market is ready for disruption.
Personally I like going to the store to pick up my groceries, however, online grocery is hypeable and I've purchased some INS for a very reasonable price.
Fundamental
The goal of INS is to connect manufacturers and consumers , in a decentrailzed way.
Sounds very exciting....
Well, needless to saj. The DAO quite disrupted our pan there... Pah!
I do not share the overly negative reactions to this pretty much "minor" (in crypto standards) incident which has been managed and handled very professional by the Ethereum developers. Nayways, ATH is obv canceled in the projected time period. Quite the contrary, values in the low 1400s seem to...
