Idea: $ARKG Possible Phase C with Spring and Test of support Entry would on the break above 84. 05 or on the retest of support with risk at 72, moving stoploss to break even on the test of upper range. Now for the ask: I've been studying Wyckoff for some time now, but have not been able to check my work with others. Any fellow Wyckoffians that would be willing to...
I was looking forward to today, this week, on whether we will be rejected by the downward cross resistance line or not and we got rejected. This is not good because twice rejected and twice got support confirms the narrowing wedge formation (thick blue lines converging) I draw the path I expect this etf to follow. I am in since 9 months on this ETF and my cost...
TICKER CODE: ARKG Company Name: ARK Genomic Revolution ETF Industry: Financial | Exchange Traded Fund | USA Position Proposed: SELL Technical Analysis 1. Falling Wedge Pattern (Potentially forming) 2. Large Head & Shoulders (Completed) 3. Fibonacci Retracement at 0.786 is CLOSE BUT NOT AT key market structure 4. Fibonacci Expansion Safe Take Profit Level 1...
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.