Macd Curling up on daily, oversold on 15 min, takea shot for strong bounce
... for a 1.74/contract credit. Notes: High rank/implied at 60/61 with expiry-specific implied at 56. As with ARKK, oddball strike values. Here, selling the 15.5 delta out in July. 2.93% ROC at max as a function of notional risk.
It seems that all ARKs following the same strategy no balancing between ETFs. Even with the mixed portfolio and different baskets or holdings such as "Innovation /Genomic Revolution /Autonomous Tech & Robotics /Fintech " One fall other follow the same exact trend, not my best hold in 2021 !! Need to bounce soon or it will keep falling like a sharp knife to erase...
My last video about Sector rotation was in March 2021 where I talked about the Consumer Staples sector. NYSE:PG and NYSE:JNJ have so far performed to expectations. It is worth looking at the model once more now to see where the next potential money flow will be. From March 2021: Sector Rotation theory suggests that from market bottoms the two sectors that...
I have been playing around with charts for a month or so, but wanted to see if I can identify a direction. I think it could dip to bottom of trend line and if it holds around 85.80ish hopefully can go higher and break upper line. Feel free to give any feedback on anything I maybe wrong on.
Broke out of triangle. Down on entry but holding this long term. Will be over 200$ in the next few years. Genomics, DNA, and biotech will be huge in next few years. Needs to breal 93/94 to see 100+ again. DYOR.
$ARKG completed a bullish inverse head and shoulders pattern. Watch for a breakout above $92.50 for upside confirmation. Let me know what you think in the comments. Please leave a like if you agree with my analysis! 👍🏽
To retest ATH. Long term hold. DYOR.
Genomic Innovation ETF Looking for a break of 90.19. Stop signal 80.43 or 84.43 for more aggressive support. Momentum target.
Long term position. First price target of 95, then 100 if we can hold the trend. If 80 break, we could see 74 and lower.
ARKG hit a high of 115 on 16th Feb before retracing all the way down to a major trendline support @ 78 on 5th March. It bounced off this trendline strongly but alas started to lose steam just a little over one week later and plunged once more retest the trendline @ 80. Once again this trendline support held. $80 is also the 38% fib retracement support of the...
ARKG looks like a double bounce at the bottom of thee channel, which is also the 0.382 retracement of the wave 4. Probably a little bit more channeling here before we get going. If we get a reversal here, wave 5 should bring us to anywhere between 145-160 by EoY
Long term stock for me. 5+ years. Maybe a double bottom here to help get bullish again. Can go lower with market conditions with support being tested around 80. Will add on dips.