I am afraid there is still more pain to come for ARKK ! Price will most probably go down to test the lower support ! IF and WHEN, then we will look at it to see if is a good level to buy ! For now, in my opinion, it is not the time to buy it! Just my thoughts :)
Price should be pushing down towards the 72-74 area! If you like some income, the company pays a good dividend! If the price beaks the first down trend line, then it should most probably keep going down the next important level of support ! This is a defensive play ! Just my opinion :)
Price is coming back to test the long term up trend line! Will it break or bounce? I don't know! IF it clearly breaks lower (my personal believe) price should then move quickly to lower levels! Don't jump in just yet!! My personal view :)
Price is making lower highs and lower lows! So for the time being the trend is down! I would expect the price to come down to the 140-135 area before attempting any rebound! Just my opinion :)
The price has lost almost 2/3 of its value since its peak and is now trying to form a base at support ! I will be happy to buy around 110 but would also buy on a clear break of the down trend line ! Just my opinion :)
Price is making lower lows and lower highs (trend lower) and should probably head down to the 60-58 area ! Just be patient and let the market do its job!
Price has formed a nice Head & Shoulder pattern. It has also broken the long term up-trend and in light of this, price should be heading to the 210-208 area over the next few weeks or months ! Bear in mind that it will not be in straight line and along the way you should expect sharp up-move lasting 3 to 7 days ! Just my opinion :)
We have now a beautiful Head & Shoulder formation (reversal pattern) and price has taken out the prior two Higher Lows ( when the trend was up) ! According to this pattern, price should be heading down to the 217 area at least over the next few weeks or months ! I will wait until that level is reached to decide for any long entry. Just my opinion :)
Ideally I would like to see the price pulling back towards the trend line before entering ! The move is quite extended and would expect a pull back ! Anyway it is a great stock with a nice dividend if you have to sit on it ! As I believe that oil will probably go back to the $100 in the next few weeks or months, I would expect Exxon to keep doing well!
Price is getting to close to enter my target Zone! It is now the second time we test to upper side of the zone! Still too early to jump in and I would rather wait a bit longer and if the zone holds and price move again above the zone, then I would consider a long entry ! I am just being patient and let the market tell me what's next :)