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Trading plan on BYND | A key name in the Plant-based industryToday we will talk about Beyond meat! There is a curious thing about this chart , and that's the dynamic support it has been working on since Jun 2020. We have been observing several contacts since that date, and it tends to respect it pretty well. Alright, nice line, but what then? Okay, the idea here is either the price has already made contact with it or is close to making it. AND it may be a relevant situation to start thinking about bullish setups. As you may know, the way we trade is about looking for similar situations to the current one and creating a model on WHAT we want to see before risking one single dollar. Here are our conclusions: -The price is making contact with a relevant dynamic support level -The price is inside a descending structure -IF we have a clear breakout of this structure, we want to observe a corrective pattern with similar proportions as the ABC draft we made on the chart. This is a similar sequence that has been happening since 2020 Do you want to know whats the best thing about trading this way? If the price does not make the filter we are expecting; I don't give a..... because I don't trade it, and I will be paying attention to other charts that have moved accordingly to the expected filters. Under this method, the only guarantee you have is that when the price makes what you are expecting, you know you are in front of a high-quality situation. The bad thing about this method is that a lot of ideas will not happen as expected; that's why patience is extremely important. But if you learn how to become patient is an excellent way of trading, and a massive edge against investors that lack patience. Thanks for reading! Feel free to share your view and ideas about the post of the chart in the comments box.
NASDAQ:BYND
by ThinkingAntsOk
2
Opening: ARKK December 17th 106/135 Short Strangle... for a 3.04 credit. Comments: Venturing back out into margin account trading land with this delta neutral short strangle in the December monthly camped out at the 18 delta strikes. This results in 2x expected move break evens at 102.96 and 138.05. 3.04 credit on buying power effect of 12.11; 25.1% ROC at max as a function of buying power effect; 12.6% ROC at 50% max. Will look to take profit at 50% max and/or manage sides on approaching worthless or side test.
CBOE:ARKK
by NaughtyPines
Can we expect a new bullish impulse on SQ? Today we will take a look at Square Inc. Jack Dorsey's company. In case you don't know who Jack Dorsey is, he is the founder of Twitter inc. In case you don't know what Twitter is... (I'm just joking) Let's go back to Technical Analysis: I can see two clear structures here: *The previous impulse (which is a sequence of higher highs and higher lows) + The current major correction is a sequence of movements inside a constrained range. Ok, what is so special about that? Using Elliott Wave Theory, we can see the relationships between these two movements; one is a correction of the other one. And what Elliott concluded is that the next bullish impulse (IF it comes) will have kind of a relationship in terms of proportions with the previous impulse. That's why we use Fibonacci Extensions to define targets. Key Take away of this bullet point: The targets for a possible bullish movement are: 350 / 400 / 440 * Now let's take a look into the current major correction: After 170 days below the previous high, we saw the breakout in August, after that the price has been correcting on edge (which is pretty standard, after the breakout of structures of this size) This minor correction has been on its range for almost 80 days. * Conclusions: IF (capital letters, conditional sentence) the price makes a new ATH, we will consider that as an activation level for the bullish view. Targets are the levels we mentioned before. Invalidation level will be below the minor correction at 218.00/ IF not the analysis is not valid (that simple) *The expected duration for a movement like this can go between 100 to 150 days Thanks for reading guys! Remember to add any ideas or thoughts to the comment. Protect your capital!!!
NYSE:XYZLong
by ThinkingAntsOk
8
Are we on a relevant bouncing level on ARKK? Today we will take a look at Cathie Wood´s flagship, ARKK. Main elements of the chart: a) The price is against a resistance level + Lower trendline of the flag pattern (bigger white structure) + Lower trendline of the inner descending channel. b) Generally speaking, every time we find this level of alignment between technical elements, we tend to observe good reactions. c) So, should we BUY? No, remember that you should always use confirmations or filters before taking action. In this case, we want to see a bounce + small correction on the edge of the inner descending channel. If that happens, we can think about trading towards the higher trendline of the flag pattern (bigger white structure) d) What are the targets I can expect? We have two to propose. The first one is the higher trendline of the Flag pattern, and the second target is the resistance level at 130.00 e) Speaking about duration, we can expect a 50 to 70 days movement for a full movement like the one we are expecting f) We also have defined a red horizontal line that represents an invalidation level for this analysis. That means that we will assume that the price broke the current level, and we should expect bearish pressure until the next support level. Thanks for reading!
CBOE:ARKK
by ThinkingAntsOk
5
-32% in the past 32 weeks!The weekly chart of ARKK could show you a very beautiful picture of what you are going to experience in the next 25-74 weeks..! As you see, ARKK could stagnate for a long time before any breakout! the last 2 stagnation period were as long as59-106 weeks! In the past 32 weeks, it has lost 32%, and its price volume decreased more than 70% from 13.4 billion a week to 4 billion! Crossing below the 50 EMA in the weekly chart should be considered a very important negative factor! Any asset could be a buy or sell opportunity at any given moment, and we should look at the opportunities, not the asset's name! Moshkelgosha
CBOE:ARKKShort
by Moshkelgosha
2
Tesla and ARKK correlation!While Tesla and ARKK have had a significant positive correlation in the past 5 years, they have lost it 20 days ago! This is very unusual for ARKK to be negative when tesla is positive..! It could be because ARK selling its stakes in Tesla: According to Ark's daily transaction reports, three of the firm's funds, including its flagship Ark Innovation ETF, sold a combined 142,708 shares of Tesla on Wednesday, representing a stake worth about $108 million and adding to separate sales of about $166 million since late July. The newest transactions come just days after Wood touted Tesla's success and gave shares a price target of $3,000 (nearly 300% more than current levels) in an interview with Yahoo! Finance, saying the company's growing market share makes it poised to benefit from a nearly 18-fold increase in electric-vehicle sales by 2025. It seems she does not believe in her own analysis! www.forbes.com
NASDAQ:TSLA
by Moshkelgosha
8
ARK invest and no plan for 2021..!This is a comparison between the so-called ARK invest flagship AMEX:ARKK and SP:SPX , TVC:NDX , TVC:DJI , and TVC:RUT . While all major indexes show a positive return in 2021, ARKK is -10% negative in 2021..! Let's look at her past performance in case a crisis happens in the market! 2008: Cathie Wood UNDERPERFORMS Category, UNDERPERFORMS T Rowe ABSRP: -45.12% (before fees) CHCIX: -48.28% PRNHX: -38.78% Growth Category: -43.77% These numbers speak..! Best Moshkelgosha
CBOE:ARKKShort
by Moshkelgosha
8
High-Quality levels on DraftKings.Today we will take the last year of price quotation and we will work on all the relevant levels we will e paying attention a) The main aspect we can see are the exteriors support and resistance levels (these are our framework) b) Inside our range, we can draw a trendline that may work as a relevant support level. From there, we can expect a bounce and the following correction (Trading Opportunity 1). As we are breakout traders, these corrections are what we are looking for before entering the market c) If the price breaks the previously mentioned level, we will aim to see the price on the next support level (lower zone of our range) at 35USD. From there, we will expect the same sequence: bounce + the following correction. d) Both trading opportunities will share the same target 64USD, however, it is important to mention the inner resistance level at 56.00 USD (there we should be open to possible corrections) e) Final Idea: Remember, the best way of developing high-quality setups is by waiting for the price to reach high-quality zones. Working setups from there increase your odds of success Thanks for reading!
NASDAQ:DKNG
by ThinkingAntsOk
1