I'm getting the same vibes Gold did when it had a fake breakdown which is now very bullish. Everyone on the timeline is making fun of Cathy and saying how bad Arkk is, it's all over the place. Think this lines up with the charts. $29 ish should be an amazing confluence for a major bottom. I think we will get a fake breakdown of the March 2020 lows which will be...
Monthly MACD crossing, About to be a green. Everyone hating on Cathy. This going to explode. Been DCAing but adding here.
ARKK is complete garbage with many of the stocks in the ETF now breaking to fresh lows. I originally thought we'd bottom in the $45 range (you can see how that panned out in the previous analysis below), but it turns out I wasn't bearish enough. Now, I think we're likely to see a capitulation move down to $22 before it starts to recover. If we look at the chart,...
Get on the sled of Santa Claus for your end of year rally. Take a look at Cathie Wood her picks in the ARKK ETF one more time and decide for yourself. SARK has made some gains the past weeks, but now it's time to leverage this baby. Buy in: 6.4 - 6.7 Target: 10.00 Stop-loss: 5.5 Not financial advice. Just sharing my ideas.
That high volume outside reversal session on Thursday 8/11/22 has kept control over ARKK over the past few sessions. The intermediate uptrend from June is still in tact, but near-term we're in pullback mode waiting to see if dip buyers arrive in the upper 40s to save this uptrend. ARKK is a great proxy for growth and risk appetite in long-duration tech.
Here we have ARKKs bear market pattern overlaid with US100. Just pointing out a possible pattern. Fully expect markets to rally with the end of May and into June which would be similar to how ARKKs bear market has played out so far. Maybe things get spicy like they have for ARKK? Time will tell as the "crash" would be next year, so plenty of time to see how this...
Many people seem to be interested in going long $Arkk because it's already fallen substantially. However, the chart tells me there could be continued downside to come over the next 2-3 months. I lean towards the bottom not being until we hit $60.02-45.92, and my bias leans towards the middle to lower support being hit before seeing a trend reversal. Stay safe out there.
ARKK may be worth a buy in the $40-45 range, but it's not one that I am interested in taking. It's full of junk.
Short $ARKK $84.42. Appears to heavy sell off. Downtrend will continue in my opinion. $ARKK walking on very fine line of support. Any further sell off below $85 area is not good for the $ARKK. Trading below all major moving averages. MACD turned negative recently. Current support level $85 area. If broken below then expect short target 1 is $73 area in coming...
Looks like a solid buy near $34.00. Next buy-target below that is around the $19.00 mark. Risk at these levels is fairly low since the upward potential is disproportionately larger based on history.
In this update we review the recent price action in ARKK and identify a high probability trading pattern and price objectives to target.
Following the death cross has been in bear market .. how low is this going? Under 60 and no support until 50 $TSLA $SQ $ROKU $TDOC $BIDU $SPOT $Z $SHOP $QQQ $SPY #ElliottWave #Stocks 📉
Tesla is a big holding of arkk and now breaking down. But if tesla can hold we might have seen the low. Otherwise look at the next fib level.
Jim Cramer just came on and said sell it all, right at the bottom, perfect. Huge capitulation wick, I think it's time to go long.
In this update we review the recent price action in Cathie Woods banner ETF and identify a couple of potential high probability trade location and potential price objective to play for.
$ARKK topped out earlier than everything else it seems. it is in a clear bear channel after back-testing the bull channel \ failing. my downside target for $ARKK is at $71 , before resumption to the upside. it seems everything is going to be moving down until mid September, after which we will look for bullish setups once again. Trade safe peoples, the trend...
I got a bit of criticism over not being clear enough in my previous chart. So i have created specifically a Nasdaq index chart which will show my thinking more clearly. The Nasdaq index back at the start of 2000 was the bull market to end bull markets. The innovation of using the internet was a technological revolution and no one saw an end to the bull...
Warren buffet said no one can beat Index Fund, we saw rise and fall of ARKK mostly boost with pandemic free money, and falling to meet SP500 chart. If ARKK will drop equal to SP500 or below means old man was right in his words with huge experience and wisdom.