ARK Innovation ETF (ARKK) • Cathie Wood quitting McDonald's soonThis chart looks nasty and that is paradoxically good.
There is good enough probability that ARKK found the bottom with strong volume reaction and price sitting at .7 levels from the highs.
At least bottom probably is found around these levels after a very violent 59% drawdown from ATH.
It is a bit early to tell but so far those macro selling volumes are looking to offset the buying climax at the top.
ARK
A review on my SARK analysis published on February 14,2022About Tuttle Capital Short Innovation ETF
The investment seeks to provide investment results that are approximately the inverse of, before fees and expenses, the price and yield performance of the ARK Innovation ETF (the “ETF”). The fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single day, not for any other period, by entering into a swap agreement on the ETF.
Entry: 42.5-45.5
Stop loss: close below 41
Reward/Risk: depends on entry and target
Target range: short term 53 midterm 63
Time Frame: 2-6 wks
Possible gain: 20-42%
Possible loss:10%
Position size: 5 % of trading capital
Feb 18:
Comment: Stop loss update to 48.60 (+10%) from entry(44)
Feb 18:
Comment: #SARK close at 50.95 +15.7% gain in 4 days(we will open at possibly lower prices)
Public version:
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
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(Stock Idea) Velo3D $VLD What do you guys think? Looks oversold and ready for a breakout in about 2 to 6 weeks... or we all tank some more again...
SARK the most profitable ETF ???? SARK or The Tuttle Capital Short Innovation ETF offers investors access to a short vehicle that may otherwise be difficult to execute on their own.
The fund attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day, not for any other period.
So far, so good, from November till February the fund has a return of 68%.
Looking forward to read your opinion about it.
SQ longNot sure why no one is paying attention to SQ. It's got a nice triangle forming and everyone knows I love triangles. Could break up or down, but I'm thinking up. SQ has been on a steady downtrend (down 60% since August highs), and I think it has found a nice bottom. A lot of people are fearful of AAPL's new tap to pay, but I don't see this having a significant affect on SQ in the near future.
TDOC the future of Healthcare? Cathie Wood`s biggest bet in telemedicine is Teladoc Health Inc.
She wants said Teladoc is the future of healthcare.
Now sitting at a strong support level. I expect a bounce from here!
52 Week Range 66.50 - 308.00
TDOC has a MARKET CAP of 11.931Bil.
At this discounted price it can be a buyout from AMZN or others.
Credit Suisse Group has a price target of $207.
Looking forward to read your opinion about it.
All of the ARKs are sending BEARISH signalsOver the course of last few day all of the ARK funds visibly undercut previous lows. One thing for sure - there is no chance for UCR on those charts as the week is closed. The overall message from those charts is rather bearish. Mrs Wood tries to pass on the story of 'buying deep value' but market is pretty bad and the names she is buying have very high PEs even with 50%+ share price drops. New traders should look at charts 20 years back. CISCO did have 90% drop and has not recovered for over 20years. Remember - drop of 50% means that to recover - the price needs to go up by 100%, drop of 90% ... do the math! Protect the capital is the name of this game.
And if FED not only stops printing but also starts offloading what they bought over the last months .... then the bottom is pretty low ...
Do not trust 'talking heads' - trust the chart!
PS: ARKs were successful - but an alert investor would have stepped out without trusting the narrative of the fund managers.
ARKK: WAIT TO GO LONG AGAINPeople 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 :)
ARK/USD - Possible Fractal ARK/USD
Possible Fractal playing out for Ark. Lets keep an eye and see what this next 6 to 8 months brings. (these low cap alts can go parabolic in a short amount of time, which could bring the massive upswing in a shorter amount of time at a later point in this current bull run).
Have patience and you will reap the rewards.
Capitulated on ARKKI 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 back or expire.
ARK UDPATEDON'T MISS TP AND BUY ZONE
support:
1.12$ to 1.39$
0.67$ to 0.79$
target:
2.7$
2.03$
1.75$
Money where your mouth is... ARKKI 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.
There was one interview in particular (I wish I could find it now but she has done many) where she acknowledged that within her trading history she has had cycles of incredible returns invariably followed by large drawdowns. She gave this interview right around the peak of her funds' performance last year. Real recognize real. That she would openly acknowledge and admit that she had self identified this pattern of her trading spoke to my own journey and likely that of all serious traders. She had acute self awareness and in some way, in that interview and comment, was warning people to be cautious with her strategy at that current moment.
Now as her funds decline other traders are trying to make a name for themselves off her fall. One of which that has come to my attention is Puru Saxena. He is vocally short her funds and very bearish. That is fine for them to have a battle; no need for me to get involved. Cathie has her strategy focused on long term growth. Puru bases his strategy on macro. Neither are my game.
But now it gets interesting for me as a Technical Trader.
At the same time Puru is adding to his short AMEX:ARKK is sitting right at a 50% Retracement of the major trend. Over the last few days price spiked below this level only to recover quickly above it. These are my strategy.
So now I get to step into this battle by putting my own capital on the line. It's a low risk/high reward trade. Not for the money but for the validation of Technical Analysis versus macro.
DNA Ginkgo Bioworks: H&S Possible?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) where there is a cluster of tradable volume.
3) The RSI (relative strength index) has room to still go up to help the price increase.
4) The Volume recently came in.
5) If prices goes back down to the bottom trendline with Sell Volume support, the Head and Shoulders Pattern could be confirmed.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BUY THE DIP? 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 from 2017 to 2020. The difference between me & most people is I never stopped buying while BTC went sideways seemingly forever. This dip is a discounted sale, but I'm also prepared to buy sideways for another three years if that's what it takes. The gains made in 2020 because of all the discipline were well worth the wait. Do you buy dips & sell tops, or are you a HODLer? Are you here for the money or do you really think BTC will change the world? Let me know in the comments!
GXS/BTC -> ARK/BTCBINANCE:ARKBTC
BINANCE:ARKBTC
Before GXS/BTC Target#1 The end
Today New Coin Target On
#ARK/ BTC
Tartget#1 8884
Target #2 16350
Related GXS/BTC IDEA
↓↓↓↓↓↓↓↓↓↓
ARKK Ark Innovation ETF: Short TermHello 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 ranging within a multi-month triangle pattern, which it recently broke down from.
3) Since this was a Symmetrical Triangle, measurement from the top to the bottom of the triangle shown in the yellow line was taken to estimate a measured move.
4) The pattern breakdown, shows a target price around the $75-85 range before the next possible pattern may begin.
5) This also falls in line with the Fibonacci Retracement level of 0.382 which is around $81.
6) Since the RSI (relative strength index) is heavily oversold at this point, the price may have a relief rally or a dead cat bounce before moving lower to the target price. Usually the dead cat bounce occurs around the 0.786 Fib level shown in the cyan color Fibonacci Retracement.
7) The Volume is strong so expect volatility.
8) Short term for ARKK is not looking great, but neither is the entire stock market so let's see where this one is headed.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
$NNDM Presents a Unique Valuation PlayStarting 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 marketcycle chart, its very scary how close this symbolizes this stock. Atm if it is a marketcycle, than we would be at the very bottom this stock will ever go in the current cycle. Alot of emotions can be heard in the ER call of q3 2021, which alot of salty retail and hedge PO about the stock price. I laugh and see this as a buy with people so down its somewhat funny to see.
NEWS
-Q3 ER wasn't omg level, but it showed that the growth of YOAV is taking with this company is what anyone should do for long term growth. Spend money on long term growth than a quick pump and dump.
-ER sales that was boosted massivly was due to the M&A of Nanofabrica, and Q4 ER if YOAV is right will be a monster growth due to the M&A of Essemtec
-Cathie woods continues to buy
TA: This is just what I see in the markets atm
- A strong buy preasure holding the stock from dropping under $4. The reason for this is that this stock is trading UNDER CASH ON HAND. This doesn't count the other assests, debt, nor the labilities the company have. A fair value on Cash on Hand would be aroung $5.25-$5.75.
- It is trading at our RSI line of 47.77. Anything above that line tends to be bullish, under is bearish. ATM its trading sideways so Neutral
- VPVR levels show support at $4.60 and resistance at $4.85. This is creating a sideways type pattern of heavy accumulation. Makes sense since its trading under CoH
- We are getting rejected at the 50ema, a mjor move above the 50ema my have a domino affect of pushing the price higher. Targets are first $5.25, 5.62, 5.88, and 6.06
- MACD shows some signs of bullish momentum trying to start.
Final thoughts
I desided to buy shares between 4.80 and 4.50s along with jan 1 2022 $10 c. This company has been devalued and just alot of downers as the stock price slips giving a perfect time to buy into the stock.
ARKBTC tested major weekly MAs and is now going 3xThe Logaritmic chart gives us a clearer view on ARK trend inversion.
After fighting with all major weekly MA resistances and having conquered/retested the 100 MA, ARK will now head towards 200 MA test which sits at around 10,000 sat. This is the target for our trade.
Long term target is wedge top at 20,000 sat.
Volume has been quite big months ago and a followup is now due.
cheers,
Baked Finance
this post is for educational purposes and not financial advice. do your own research first.
CRSP CRISPR Therapeutics at 52 Week LowCRSP CRISPR Therapeutics 52 Week Range 77.42 - 220.20
Now the price is 80.08usd.
Bounced from its last support level.
Barclays has a price target o 148usd for it.
My price target by Q1 2022 is the 100usd resistance.
Looking forward to read your opinion about it.