“ARK EFFECT” or Social Media Trading Bubble ???
In this chart you see comparison between Tesla and Crisper. You may think comparing an automaker with a medical company is craziness! But you can not deny the the correlation you see in the charts, unless you have severe visual problem!
Question: why should an automaker and a medical company have the same pattern?
Answer: They both were ARK invest favorites!
Notice: ARK has sold most of it’s CRSP shares in the last 2 months and CRSP price slipped -45% in 25 trading days. Will Tesla be the next? I believe it could be, but We have to wait and see..!
Based on this correlation Tesla could sink to 500 or below in March 2021..!
*everything happens in CRSP a little sooner!
For more information read the related analysis..!
Moshkelgosha
Question: why should an automaker and a medical company have the same pattern?
Answer: They both were ARK invest favorites!
Notice: ARK has sold most of it’s CRSP shares in the last 2 months and CRSP price slipped -45% in 25 trading days. Will Tesla be the next? I believe it could be, but We have to wait and see..!
Based on this correlation Tesla could sink to 500 or below in March 2021..!
*everything happens in CRSP a little sooner!
For more information read the related analysis..!
Moshkelgosha
+250 Quantitative Stock and Option ideas every day!
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