ARKK trade ideas
#ARKK reversing off anchored VWAP & 50dmaARKK still stuck in range of this bearish channel since bottoming in May. If you follow the anchored vwap from the recent high of the most recent rally, we are also starting to reject this Vwap. Additionally the 50dma is acting as resistance. Big resistance evident at $46
I think this will work itself lower and possibly retest the big horizontal support zone at $32-$33 in the coming weeks...
Closed (Margin): ARKK November 18th 29/50 Short Strangle... for an .83 debit.
Comments: Filled this for a 1.33 credit. (See Post Below). Out today for a .50 ($50) profit.
ARKK daily bullish hammer at monthly buying zone supportOrder BUY ARKK ARCA Stop 36.41 LMT 36.41 will be automatically canceled at 20230401 01:00:00 EST
ARKK daily bullish hammer at monthly buying zone support
ARKK : The Innovation Fund. SELLCathie just published her Open letter for Fed. If a bottom stock picker tracks macro and starts advising the Central Bank about what to do, you know something is wrong in Paradise.
Technically speaking, the price chart has forming a H&S. Ten out of last 11 months have beeen negative months.It has grossly underperformed all the possible indices .
Fundamentally speaking the FAANGs & MAMAA's of the world are still grossly overvalued in the interest rate stabilising world, note it that I never said rising, because as one of the factors of production, the price of money should never have been negative.
Can you fathom a negative Salary for your monthly efforts ??
My Target for this overhyped overblown Fund is $29.30.
ARKK Lower LowARKK has officially put in a lower low, and hourly candle volume is decreasing. The trend is unlikely to change and ARKK longs are now invalidated.
$ARKK D $ARKK D , wedging and the r:r ratio on this setup is good
stop on 37 break and initial target is almost 1:6
measured move about 1:13.5 on ~14pt move
ARKK UpdateMarket up big, but ARKK is flat because Cathie decided to chase TSLA, lol. TSLA down 7% today.
You can't make money in a bear market by chasing stocks, I told everyone not to buy this ETF because that is what Cathie does.
A monkey could do a better job of picking stocks, buying a random stock would be better than buying this ETF. Stay away.
(No position, just saying Cathie is a moron.)
A clean base on a choppy nameHey all, I know ARKK is being anchored down by TSLA's drop today, but that doesn't excuse the base this name has made; I think it presents an interesting long opportunity, though I wouldn't play it with large size as I feel upside is limited; I'm just going across the board & posting all of the bases I'm noticing forming right now.
Opened (Margin): ARKK November 18th 29/50 Short Strangle... for a 1.33 credit.
Comments: (Late Post; Filled on Friday). High IVR/IV at 62.9/68.6%.
ARKK - My Third WarningHello friends, today you can review the technical analysis idea on a 1W linear scale chart for ARK Innovation ETF (ARKK).
The chart is self-explanatory. I have been providing warnings since December 2021 so I hope you followed along. Included in this chart is the Keltner Channel, recent Death Cross (50 SMA / 200 SMA), RSI, Volume. This is a weekly chart so have patience. There are two support and resistance areas noted with price ranges.
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! #millionaireeconomics
ARKK key level Rejection between here and $40 would be resistance on the 9/21 daily EMA cloud and would translate as a strong potential to go below 37.
ARK will not survive 2022All my predictions about ARK invest in the past trading year were and are correct..!
If you look at the average weekly Volume Price it is now 30-40 times higher than the same price range in July 2020,
this will lead to full crash mode..!
SQ earning in the next 2 weeks will push it outside the channel and accelerate the down move!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
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ARKK BottomPotential ARKK Bottom at either the Diagonal (at right now) or the Horizontal Level just below. I would not guarantee it to bounce off either but is worth a look.
ARKKBear flag/channel breaking down. Looking for a test of the May low. Would be surprised if it holds.
See the Forest for the Trees - general note to myselfAs per the title - this is just a note to myself, maybe to try and see the forest for the trees
Just picked out a few charts which maybe give some clues as to the wider state of the markets;
S&P stocks above the 50 day - have hit that 85-90 level, on a weekly basis they only seem to hold this level for 1-2 weeks before a sharp move down to 75 if not lower
US 10year - Rising Rate Environment continues to put pressure on stocks
NDX Futures - At the top of downward channel, breakout above channel failed, look set for a retest of 11,500 area (200 DMA)
ARK - In clear Downtrend, upward corrective move finished, looking set for another Impulse move down
Other factors which may be significant - Geopolitical tensions (Ukraine / Taiwan), Covid lockdowns in China affecting Supply chains, China property bubble
Jackson hole / VIX & VXN levels / Earnings Strength
The TitanicHey all,
ARKK has crashed; the broader equity market is starting to follow it. For new traders, I think you all should look back at the Nasdaq in 2000 to take notice of the similarities between the two. Assuming this is a repeat of 2000, we've got another leg down ahead of us, but that would likely lead us to the bottom of this bear market(Mind you, it took roughly 18 years to reclaim highs from the dotcom bubble burst). Though I am expecting the downside to be pressed 'til year-end, this thing won't go down forever. Looking forward, if ARKK makes a leg down similar to the one I have drawn out and similar to the Nasdaq in 2000, I will likely be aggressively sizing in on the dip expecting a bottom to be put in and a strong bounce off the bottom to occur. Moreover, as this sector topped out before other sectors(such as value & agriculture), I would not be surprised in the least bit if this sector bottoms first.
ARKK BTFDARKK is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund’s investment theme of disruptive innovation.
arkkarkk BTFD ARK Investment Management LLC is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds. It was founded by Cathie Wood in 2014. As of February 2021, the company had $50 billion in assets under management.
ARKK setting a floorAlthough there could be dark days ahead for tech depending on macro factors, much of the bad forecast could be baked in at this point. ARKK could be setting a floor on historical support levels if it successfully forms a higher low in this area.
ARKKIt's pretty amazing to me how often a move happens right after my trigger line ends. Not saying that this will break down here, but according to the history of my charts, now would be a logical time for it to happen. Bearish below ~$43.50.
Hop on the ark to survive the floodHello friends.
It's time to hop on the ark so that we can avoid the flood. We have modified our primary count of ARKK based on the length and shape of the corrective structure, and we think that it's quite likely to take another leg up.
The alternative is that ARKK can go straight down to around $30, and then complete the bear move there.
So really ARKK is probably either nearing a short term bottom here, or a long term bottom in short time. It's a good idea to be long, regardless of ARKK's questionable fundamentals.
ARKK: TRENDSI ATS CONFIRMATION: READY TO BOUNCE UPTicker Symbol: $ARKK
️Timeframe: 4H
️AT THE SUPPORT, READY TO BOUNCE UP.
️Investment Strategy: LONG
TECHNICAL ANALYSIS:
TRENDSI ATS MONEY MOVEMENT SHIFTING UP : BULLISH
LINEAR REGRESSION + TRENDSI: AT THE BOTTOM, WHICH IS AT THE SUPPORT
RSI AND STOCHASTIC BOTH SHOWING BULLISH MOVEMENT.
CONFIRMATION I AM WAITING: TRENDSI ATS GREEN LINE WITH GREEN DOT
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