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ARKK

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!
AMEX: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
AMEX: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
AMEX: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
Reverse Repos - ATH - KarmaGeddeon Bid Expands to $1.35 TrillionNon-Financial rated Debt, Corporate Debt will begin to roll over as GDP Forecasts, although no longer provided... does not matter, the Global Economy is once again on the Steep Decline. Supply Chain Issues compound monthly, with no end in sight. The answer is, Buy STONKS, they are the New, New, New, and Improved Liquidity Economy. Stocks are the Economy for most Americans. GDP is resolved with Gains in Zombie Companies buying Trillions of their own shares. 1.6 Million Options were swapped for Tesla Friday, 52% Calls. The Gamma Squeeze for protected entities is in trade. Yeah, Naw, we'll pass for now, wait for the Pullback into the Final Stage of this Historic Bull Market. Commodities are pitching a large Bis as the Safety Trade is back in force. There will be a final Blow Off Higher into 2022 as Debt Markets join the idiocy until it all simply implodes. 2022 is going to be a very difficult year for most. Perpetual Bonds are assured, the reset there will require a degree of patience while the "Distribution Phase" requires time. Insider selling remains robust, Retails are going All-in on the YOLO. Meme's will begin to roll over and collapse into the next Sell, which is ahead. We will see how long they can continue this Distribution . Margin Debt remains elevated at Highs. INever forget Crammer issuing Buys in March of the DotCom peak for the most bloated overvalued JUNK Stocks which promptly collapsed from $600 to $0. 2022... one for the Books after 5/5 completes.
FRED:RRPONTSYD
by HK_L61
2
AMZN looking perfect from a technical perspectiveToday we will talk about the AMZN setup we have currently pending. Most of the time, we never have more than three setups executed at the same time. One of those is Amazon; after the breakout of the massive range, we observed a Flag Pattern on the edge of it, which is a sequence that has been repeated with different variations across the history of the asset. Why is this relevant? Because our primary approach when executing any setup is: "Can I demonstrate that what I'm trying to trade right now have been proven to have a statistical advantage on the past? If the answer Is yes, we proceed. Based on our research, this setup represents a pattern with an excellent statistical edge overall. Does it mean that the following setup will be a profitable one? Nobody knows; it's impossible to determine which "game" or "sequence" of the system will be a take profit or a stop loss. However, we know that after 15 or 30 setups with this quality, we can create a statistical advantage, or in other words, "Profits." Returning to the chart, the strategy we are using here is pretty simple. We will execute our setup above "B," or the inner local resistance of the flag pattern. Stop loss will be below the structure. Take Profit will be on the fibo extension of the previous impulse ( MAR 2020 - SEP 2020) Risk: We will be taking a maximum loss of 1.5% of our trading capital. A movement like this can take between 100 to 150 days. (Be patient) Thanks for reading!
NASDAQ:AMZNLong
by ThinkingAntsOk
3