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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
NYSE:DNA
by MillionaireEconomics
3
$ARKG - Forget Noah, Cathies ARK will keep you afloat! Prime setup for $ARKG as we hit the midway point of Bloody September, the worst month for returns. We've already seen several pullbacks, and with quad witching coming on Sept 17, we're bound to see some volatility. I fully expect ARKG to fall a little further as the broader market bleeds, but come the quad witching hour, you'll start to see the tides shifting. Growth stocks are looking ready to launch off, and this fund which reflects not only biotech but also AI (as a lot of biotech companies stand to benefit from advancements in AI such as Googles Alpha Fold) is a prime example of the wave count that's prevalent across the board. Here we have: 1) W2 golden zone target between 80.50-76.79 (green) 2) Leg Y of W2, A = C equal legs target also matches 78.6% retracement of W2 (arrows) 3) Leg C of Y reaching its 14.6-23.6% fib targets between 76.34-75.34 (yellow) 4) Leg Y reaching its 23.6-38.2% fib targets between 77.63-75.70 (red) 5) Large volume profile node peaking around 76.30 This ETF should be in your growth portfolio, and now is the time to get your money ready. Remember, these funds have a 5 year time horizon. Ride the wave!
CBOE:ARKGLong
by ir-rizzle
1