PLTR - Massive Divergence on the horizon!Hello investors,
As we can see, we had a huge Sell-off for a few weeks and today the move to the downside was massive!
Palantir is signing more and more contracts, while the price is falling, which would mean that the only reason for the fall is the over-all bearish sentiment in the market.
We can see the enourmous divergence that we have on the RSI on the 4hr chart and this indicates that we are near the bottom of the fall!
Fundamentals of the company are more than amazing as we are a huge devoleper of an inovative industry, so huge returns are expected once the whole market becomes bullish.
A long-term BUY position is a safe and smart move and since Cathy has been buying the stock a lot during the last few days, she should have acquired an enormous amount of shares today and with that the bottom of this fall is near.
Good luck to all my fellow investors and traders!
ARK
NNDM Gap Fill?!?NNDM NASDAQ:NNDM is a chart I have been watching for a while and today's massive gap down looks to have found a temporary bottom. I like NNDM as a longer term hold but the current set up look sto be a nice swing play. Adding shares and will look to play some March 19th 12.5 calls. NNDM needs to close above $11.50 today. We have the nice 38.2 fib retracement and 50 SMA lining up on the same price area which serves as a nice support if we can close above.
Need SPY to recover as well but I like NNDM as a bounce play here.
Behaviorology of AQB, what I called the ARK effect..!Potential gain:+100%
Reward/Risk:5
Timeframe: 6 months
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EDIT Genome Editing Long-Term SwingEDIT NASDAQ:EDIT is a genome editing company with treatments being developed for Leber congenital amaurosis**, Usher syndrome, neurological diseases, Sickle cell disease, beta-thalassemia, as well as cancer treatments through NK cells. The leber congenital amaurosis clinical trial is currently the furthest along but still in its earlier stages but has completed dosing all of its patients. The results of that clinical trial will be HUGE. That will set the blueprint for EDIT as a company. The same principles for that EDIT-101 clinical trial are being applied to multiple other medicines and can lay the blueprint for huge medical breakthroughs. ARK believes genome editing is the future of medicine and I agree. This 46% sell off since EDIT’s highs looks to be a strong bounce area. I grabbed a small starter position on Friday last week but will look to add to my position this week and add dips to $50. If we fail $50.48 HVN area I will use that as my stop.
Chart:
EDIT looks to be in a prime bounce zone right now and I will be looking for it to hold the HVN area ($57-$66) for some consolidation. Daily .618 fib retracement line has served as support multiple times and will want that to hold up this week. Need some volume to being accumulating on EDIT and close back over the $58 lvl.
ARK/ETH looking goodYou can see that historically ARK trends down against ETH but I can see a clear cyclical pattern within this downtrend. If it plays out, Ark can gain 150% against ETH in the coming weeks.
I'm using custom Arkbtc/ethbtc chart due to lack of ARK/ETH direct pairing.
Update on DKNG, tested previous high, good newsDKNG has contended with its previous high which bodes well for future performance. It's a very low probability event that any stock, commodity, or other financial assets break through a previous resistance without first contending with it.
DKNG has carried on trend, and so far Cathie Woods hasn't picked a bad egg. Expect some legs on this trade, especially after earnings when the rest of the world realizes how attractive the prospects for this business and stock are.
Our Favorite ETF's Our favorite set of ETF's
Actively Managed Innovation ETFs
ARKK. ARK Innovation ETF
ARKQ Autonomous Technology & Robotics ETF*
ARKW Next Generation Internet ETF*
ARKG Genomic Revolution ETF
ARKF. Fintech Innovation ETF
If you want a more aggressive portfolio these ETFs can gain you exposure to rapidly growing markets. These ETF's look to where the future is heading and positions themselves very well in each sector. The charts speak for themselves.
ARK for Canadians.Evolve does mimic ARK's AI ETF . Should present the same growth rate, although currency should play a game.
Drones are coming ! TAKOF drone delivery Canada is going mad !!so we covered the stock thoroughly in our DD article on our site so I will not expand here but just go over several facts:
they were founded in 2014 and currently using an AI integrated system called FLYTE that is not fully AI yet and monitored by staff in DDC headquarters but I expect full AI in the upcoming years.
they have 3 main types of drones the smallest called Sparrow with a range of 30km and can carry 4.5kg of payload
the second drone is Robin XL which can travel 60 km and can carry 11.3kg of payload and the biggest one goes by the name of Condor and can carry over 180kg and can travel 200 km distance which looks like a mini-helicopter!
the drone industry is expected to cross 300 B $ by 2030 acc to estimations by ARK invest that caused the drone industry to rally up
we choose to focus on this stock because the fundamentals are great but the technical are amazing !!
Let's talk Technicals:
The stock was IPO at 1.3772 and it is now touching the IPO level at 1.3558- reached a high of 1.5372 last week.
I LOVE that fact the POC is so high (red line)!! that is very very rare – the POC is at 1.442 which is currently higher than stock price (this formation of the volume is called P shape)
The purple square on the right shows us again an unusual behavior – the higher price levels are already accumulated so the stock can easily pass these areas with no need for convergence (good !)
The lower areas below 1.07 are empty meaning that if the stock drops to that area it can easily keep falling as these areas are not tested (Bad!)
so we cannot have stock falling below 1.08.
Stochastic is in the overbought area but we saw it correcting a bit in the last 4h which is prob because of the pump and dump behavior of the market lately which affects most of the other penny stocks.
One last thing worth mentioning is the tiny gap we have between 1.31 to 1.34 which may need to get filled as gaps will usually do but this is so minor that it won’t have much effect.
How would I play it > I would see pre-market action as always and see if I get a nice pullback to enter, if we see stock rallying pre-market we would not enter until around 17:00 – 18:00 UK time as it is the reverse of the true direction of the stock and can give us a nice correction entry.
We at FDGT the Traders Union are very bullish on the stock and we gave it a price target of 2.7 in the upcoming 2 months - with this meme market we may see it in the upcoming weeks LOL
we trade on our own rules! see you in the take profit
Cheers and be safe!
Ark just added DKNG; go longArk just added DKNG to its ARKK fund which is extremely popular in terms of inflows and performance. This should create a floor for DKNG to really start to build up its share price. With the support, DKNG should head towards $80 a share.
Earnings are right around the corner and this quarter is like their holiday season; the Superbowl, the largest sports betting event of the year. They are going to knock the cover off the ball. Expect a lot of options activity around that time which should help to provide a slight gamma squeeze.
Fundamentally, they are beginning to penetrate new markets and take share from the black market as more states legalize. It's truly all downhill from here from Draftkings. Best pureplay on Sportsbetting/Sportsbooks.
If Ark and Cathy Woods a.k.a. the "Money Tree" are throwing their weight and reputations behind DKNG, I would NOT hesitate to follow.
Buy under: $65
Midpoint to sell half: $80.
Long-term price target: $100.
BNGO 1hr Fib Retracements$BNGO - $ARK rumored to be buying shares. I am loading calls for the rest of the year as we see dips.
Although right now, the stock is very solid and I don't know what type of "dips" we shall see.
Stochastic, MACD, and Squeeze showing a possible uptrend coming. Also the 11.62 fib retracement level acting as a nice support.
WiMi Hologram - this is an easy play ! this is the futureso we are looking at the future of technology -i don't know why people are missing out on this amazing company, really unclear to me - they do hologram technology and they are leading the race! with 5G spreading out right now hologram technology will be enabled on mobiles because of substantial less latency and cloud computing growth. at the moment their main sources of income is payment solutions and holograph commercials - huge potential!
WiMi main products:
1. Payment solutions - holographic ARSDK pay.
2. Holographic gaming
3. Autonomous driving - 3D holographic pulse laser technology
4. Marketing -Holographic commercials
so technicals :
people woke up a bit this month regarding to WiMi (but not nearly enough if you ask me) and a motive wave (impulse) took place
the first stage of the wave crossed 8$
the third stage of the wave took it to 10$+
I expect the fifth part to take us beyond 11$ and I am being pessimistic – it can easily reach even 13$
Once the fifth wave will end we will have a 30% correction back to 8.5 -9$ - because we need accumulation on those areas.
Volume analysis :
-3 months average is 3.3M
-the beginning of the wave showed us an uptick of volume (13.1) up to 45M that day… sentiment!
Regardless of this analysis- this company is going to be huge! don’t forget that name because your kids will play holographic based mobile games on their phones and this will be 1000 times bigger than augmented reality like Pokémon go – don’t say I didn’t tell you 😊
Trade safe and be safe!
🆓Ark/BTC Analysis (3/2) #ARK $ARKARK is accumulating quite strongly and this could lead to a sharp increase in price over the next few days.
📅NEWS
👉Feb 3 : ARK Partners with FullAlt
(twitter.com)📈BUY
-Buy: 1200-1300sts
-Buy: 1000-1100sts. SL if B
📉SELL
-Sell: 1800-1900sts. SL if A
-Sell: 2300-2400sts. SL if A
-Sell: 2850-3000sts. SL if A
-Sell: 3800-4000sts. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
$ARKG Daily.ARKG looking a little overextended, finally cooling off a bit at the top. It might retract to it's 50 MA on the daily. It bounced today off it's November break-out anchored VWAP while volume continues to be higher than normal. There's a gap below the 50MA that could get filled if we drop lower.