There is still hope for ARKK and CathieThis is an important week for ARKK and Cathie Wood. Following pre-market doom and capitulation we are seeing a bounce to the long-term support level. Hoping this can resume and break above 111 and maintain support above the 200 EMA. A close below 96 would indicate a further drop.
ARKK
Panic sell is just started ..!On February 22th, 2021, I published analysis on ARKK when it was 143.75, those who were fooled with social media propaganda of ARK Invest trashed me so bad in their comments, but I think market teaches them their lessons in the hard way!
On April 29th, 2021 I talked about ARK invest apocalypse!
This time it went down 14.4% in 6 trading days with increased volume, soon it will be between 80-90. Even could go down to 60 in 2021!
This is the art of analysis and not being fooled buy fake YouTubers..!
Those who wrote that comments owe me an apology..!
Opening (IRA): ARKK June 18th 87.96 Short Put... for a 1.94/contract credit.
Notes: 30-day implied at 56% and weak. I don't what the particular reason for the oddball strikes is, but rolling with it. 2.26% ROC at max as a function of notional risk. Generally, will take profit on approaching worthless or take assignment, sell call against if that happens.
Apocalypse of ARK investEveryones know ark invest will not perform well unless tesla performs well..!
now their biggest ETF, ARKK performance becomes negative again in 2021..! and all their ETFs underperform in comparison to major indexes.
congratulation to their management team who manage the ETFs...
I warned everyone this bubble is going to burst, when the price was 143, no one listened to me..!
How is it possible?
Don't you believe it?
Check this:
be ready for this one!
Trading map for ZOOM / Our filters to develop setups.Today we will speak about the exact situation we are waiting for before developing bullish setups on ZOOM.
Our trading philosophy is: Define the future situation you consider worth trading. Wait until that happens. Trade or Cancel the setup.
What are we waiting for on ZOOM?
1)Wait for the breakout:
We want to observe a clear bullish movement that breaks the current consolidation defined with the two yellow lines.
2)Wait for 5 - 10 days corrective pattern:
After the breakout, we want to observe sideways movements on the edge or above the broken structure (yellow lines) with a duration between 5 to 10 days
3) Look for a 1:4 risk-reward ratio setup:
Suppose the breakout and the sideways movement happens. We will be ready to trade that pattern. We want to be able to catch a 1 to 4 risk reward ratio setup AT LEAST. Why? Because that means that we are risking 1 dollar to make 4 dollars, and if we are right only 40% of the time on this setup, we are still extremely profitable. Also, once you have a clear breakout of a corrective pattern of this size, you tend to see bullish movements with similar proportions to the consolidation.
Thanks for reading; we hope this content was useful!
$PLTR CATHY BACK AT AGAIN WITH THE 1.4M SHARESVideo breakdown on $PLTR After $ARKK purchased 1.4M shares of $PLTR/
Tech Stocks & General Market Weekly BreakdownHey guys, in this video we're gonna break down the bigger timeframe where I'm going to skim through a lot of tech stocks on my S&P500 ticker list.
Going through:
AMZN
ABNB
ADBE
ARKK
BABA
FB
FVRR
DASH
GOOGL
LMND
NFLX
MSFT
PYPL
PLTR
UBER
LYFT
among others. You can let me know what you're watching or post your questions underneath.
Square $SQ is back!The price of NYSE:SQ is back above its 50 day MA and going for the breakout. I had this stock before the correction and got a really good profit, I think I can do it again. The thing I like the most is that is clearly a market leader.
I wanted to compare NYSE:SQ with its real peers, so, AMEX:ARKF is the perfect ETF to do it. The quotinet shows I good relative strength for Square.
The stock is rank #1 by IBD in its industry and has an IBD relative strength greater than 90 points. And better so, is #2 top holding of AMEX:ARKK . This are all bullish signs for me.
#ARKK is this popular fund a BUY?Someone asked me abt $ARKK #ARKK.
Well supported above 200ema (thick red line)
1st Supertrend flip to Buy.
For Swing traders who entered earlier, First possible TP: 135
Please be cautious n nimble. We are heading into strong Resistance Zone 120-128 (High Volume Nodes).
Take note of incoming Candle Colours. Will like to see Olive and Dark green candles in the coming days (that provides indication of strong buying volume for upside trend continuation)
.
Long Term Investors, check #ARKX or #BLOK instead!
#CathieWood
#ARKKInvest
#VCCB
Double Bottom ( W ) I think the chart will tell you all but, Will also adding some tips here ,
We got double bottom ( W ) on ARKK, that's means a uptrend channel to us, Which we can get our targets & res-lines by Fibonacci. Also will add that ARKK is depended on TSLA, ROKU, TDOQ & SQ. So if these stocks moves up then definitely we can see a huge movement from ARKK.