The Social Media Trading Bubble comes to its end..!While many people thinks when ARK invest touches anything it turns to GOLD, I believe another season has just begun for those who invested in ARK ETFs. In this season we will see everything will be burned into ashes!
First, let’s look at the numbers, and see the performance of ARK invest ETFs in the last 2 trading weeks! They are all sinking in Blood..!
PRINT: -23.16% in 9 trading days
ARKG: -21.69% in 11 trading days
ARKK: -21.06% in 8 trading days
ARKF: -18.59% in 5 trading days
ARKW: -18.41% in 8 trading days
ARKQ: -17.37% in 5 trading days
While people asking themselves which ARK’s ETF will perform better in 2021, now they should ask themselves which one will burn into ashes sooner???
Theme Investing
I believe the ARK’s CEO and her team members did not buy the Sci-Fi stories the told people on their social media, but they tried their best to sell it to others, and they were very successful..!
Look at the performance of these stocks, most of them skyrocketed 10x, 20x or even more in less than 2-3 years.
-
CRSP, ROKU, SNAP, PINS,NNDM, WKHS, Tesla, and ...
Now as an example, I will explain CRSP and what ARK did with this stock.
There is no doubt CRISPER is one of the most important and disruptive medical innovations. Therefore, Jennifer Anne Doudna an American biochemist known for her pioneering work in CRISPR gene editing, awarded the 2020 Nobel Prize in Chemistry along with Emmanuelle Charpentier.
By a quick search on social media you will find ARK’s CEO talking about CRSP enthusiastically and the share price skyrocketed almost 20 times in the last 4 years. And if you see the ARK watcher, you will find out they almost emptied their portfolio from CRSP in the last 2 months and share price slipped from 220 to 125 since Jan 15th, 2021. Yet, I believe it could go down to 70 in the coming months!!!
The question is :
Is CRISPER not an innovative/ disruptive Genomic medical company any more? ( as a doctor and holder of M.D. degree, my answer to this question is : CRISPER is a disruptive Genomic medical company)
So the question could change to:
Everything ARK has talked about was not true? Or they don’t believe in the 3 trillion Genomic revolution they are talking about any more?
I believe ARK noticed a company with 719k revenue (CRSP)in past 4 quarter couldn’t have 15.5 Billion market cap, and they suddenly decided to insert the needle into the bubble they created in the first place, buy selling their CRSP shares!
Last words, I have a good news for ARK invest, Tesla chart is pretty much looks like CRSP..! So be ready for that bubble burst too!(Tesla is biggest part of the pie in most of ARK’s ETFs)
Time will show us the reality of the people’s claims..!
Moshkelgosha
ARKK
What about 3 trillion promised genomic revolution?While many people thinks when ARK invest touches anything it turns to GOLD , I believe another season has just begun for those who invested in ARK ETFs. In this season we will see everything will be burned into ashes!
First, let’s look at the numbers, and see the performance of ARK invest ETFs in the last 2 trading weeks! They are all sinking in Blood..!
PRINT: -23.16% in 9 trading days
ARKG: -21.69% in 11 trading days
ARKK: -21.06% in 8 trading days
ARKF: -18.59% in 5 trading days
ARKW: -18.41% in 8 trading days
ARKQ: -17.37% in 5 trading days
While people asking themselves which ARK’s ETF will perform better in 2021, now they should ask themselves which one will burn into ashes sooner???
Theme Investing
I believe the ARK’s CEO and her team members did not buy the Sci-Fi stories the told people on their social media, but they tried their best to sell it to others, and they were very successful..!
Look at the performance of these stocks, most of them skyrocketed 10x, 20x or even more in less than 2-3 years.
-
CRSP , ROKU, SNAP, PINS, NNDM , WKHS , Tesla , and ...
Now as an example, I will explain CRSP and what ARK did with this stock.
There is no doubt CRISPER is one of the most important and disruptive medical innovations. Therefore, Jennifer Anne Doudna an American biochemist known for her pioneering work in CRISPR gene editing, awarded the 2020 Nobel Prize in Chemistry along with Emmanuelle Charpentier.
By a quick search on social media you will find ARK’s CEO talking about CRSP enthusiastically and the share price skyrocketed almost 20 times in the last 4 years. And if you see the ARK watcher, you will find out they almost emptied their portfolio from CRSP in the last 2 months and share price slipped from 220 to 125 since Jan 15th, 2021. Yet, I believe it could go down to 70 in the coming months!!!
The question is :
Is CRISPER not an innovative/ disruptive Genomic medical company any more? ( as a doctor and holder of M.D. degree, my answer to this question is : CRISPER is a disruptive Genomic medical company)
So the question could change to:
Everything ARK has talked about was not true? Or they don’t believe in the 3 trillion Genomic revolution they are talking about any more?
I believe ARK noticed a company with 719k revenue ( CRSP )in past 4 quarter couldn’t have 15.5 Billion market cap, and they suddenly decided to insert the needle into the bubble they created in the first place, buy selling their CRSP shares!
Last words, I have a good news for ARK invest, Tesla chart is pretty much looks like CRSP ..! So be ready for that bubble burst too!( Tesla is biggest part of the pie in most of ARK’s ETFs)
Time will show us the reality of the people’s claims..!
Moshkelgosha
#USetf #ARKK #ArkInvestment 4Hour CHART UPDATE! Waiting Entry!DAILY CHART: Here's TA on #ArkInnovationFund, especially for those who were caught in the -14% drawdown over the past 1 week.
Cathie Wood is not god, #Arkk is also impacted by technology sector pullback over the past week.
Looking for further possible downside to (124 - 128). Will price hold above (200EMA - 4hour Chart) and (100EMA - Daily Chart)?, and make a strong rebound?
As always, wait for confirmation in trend reversal before you consider entry! 😁
.
This post is just a personal opinion.
Always do your own research, risk analysis, and due diligence before executing any plans. 👌
#personalopinion
#technicalanalysis
#markettrends
Most probable scenario in the coming weeks for Tesla!!!Could Tesla slip to its 200 EMA level? Answer: Yes, Of course, it could!
Based on the 2 previous major corrections tesla had experienced in 2018 (when there was no pandemic), and the correction it experienced in early 2020 due to pandemic. During the 2018 major correction, tesla slipped 43% in 105 trading days and crossed below its 200 EMA, and in the 2020 correction tesla slipped 38% in 34 trading days.
So far Tesla has slipped 31% in 20 trading days, which means the correction in nature is pretty similar to the last 2 major corrections if it is not worse than them..!
Q: Would Tesla go down to touch its 200 EMA? Answer: we have to wait and see!!!
Moshkelgosha
25 stocks portfolio of 8-12 February 2021 review The roller coaster trading week finished and my recommended portfolio gained 6.66%(volume-weighted). For the 5th week in row I beat all major indexes ( S&P 500: 1.23%, NASDAQ: 1.50%, Dow Jones: 1%and ARKK: 4.76%managed ETF(Cathie Wood). So far in the last 5 weeks, compound return of my portfolios was 64.41% and these portfolios experienced 3 negative days in 24 trading days(- 0.29%, -0.74%, and -0.76%) and 87.5% positive days.
Let’s check stocks performance:
1- AAPL@ 136.76 -135.37(-1.02%)
2- CRSP @ 168.81- 161.05(-4.60%)
3- CSCW @ 0.9759 - 1.15 (17.84%)
4- EBON @ 5.83 - 6.69 (14.75%)
5- EYES @ 2.45 -2.50 (2.04%)
6- FB @ 268.10 - 270.50(0.90%)
7- FSR @ 14.99 - 18.99 (26.68%)
8- GNUS @ 1.88 - 2.01 (6.91%)
9- GOEV @ 17.63 - 16.68(-5.39%)
10- MRIN @ 2.78 - 2.52(-9.35%)
11- PAYS @ 5.16 -5.22(1.16%)
12- PFE @ 34.92 -34.72(-0.57%)
13- PLTR @ 34. 05 - 31.91(-6.28%)
14- PRQR @ 5 - 5.11 (2.20%)
15- PSTI @ 6.78 -7.86(15.93%)
16- SIOX @ 3. 01 - 3.31 (9.97%)
17- SOLO @ 8.69 - 7.94 (-8.36)
18- STAF @ 1.11 - 1.16 (4.50%)
19- THMO @ 3.27 - 3.86(18.04%)
20- TLGT @ 1.02 - 1.20(17.65%)
21- TWTR @ 56.78 71.90(26.63%)
22- VLDR @ 23.25 -23.22(-0.13%)
23- VRM @ 46.71 -50.93(9.03%)
24- WISA @ 3.70 -4.17(12.70%)
25- WORX @ 2.27 -2.62(15.42%)
17 stocks out of 25 finished the week positively,( 68%)
9 stocks out of 25 experienced double digit return in a week!(36%)!
And for the the first time next week portfolio of 25 stocks published 30 minutes before the market end.
For further information please check my profile on TradingView and signature part below the post.🙏🙏🙏
ARKK Key Support LevelsInstead of marking up charts with tons of conflicting information, I try to stick with what matters - support and resistance. 95% of trading is about support and resistance based on my experience, indicators might give you a slight edge but more often than not they'll keep you out of a good trades as a majority of indicators are lagging price.
Here are the key support levels for ARKK. The pointy white circle areas mark the points I used to determine support. I looked only for levels that have been used as support and resistance in the past. The red trend lines show that ARKK is currently in an upward trend. The ideal point to purchase ARKK would be on the touch of the bottom red trend line. The horizontal orange lines are areas where the price might also bounce from depending on how aggressive the buyers are.
ETFs, ARKK and GBTC: Stocks, ETFs and Crypto all in oneSource: www.coindesk.com
Feb 12, 2021 at 7:44 p.m. Updated Feb 16, 2021 at 5:01 p.m.
Cathie Wood’s ARK Investment Management increased its holdings of the Grayscale Bitcoin Investment Trust (GBTC) by 2.14 million shares in the fourth quarter of 2020, bringing its holdings of the market-leading institutional bitcoin investment vehicle to 7.31 million shares.
- ARK, the actively managed exchange-traded fund run by legendary manager and early bitcoin investor Cathie Wood, made the disclosure in a filing with the U.S. Securities and Exchange Commission.
- At press time, ARK's holdings of GBTC are worth $357.5 million.
- ARK's boosted stake is an increase from the 5.17 million GBTC shares it held on Oct. 31, 2020.
- Not only did ARK's holdings in GBTC rise in the fourth quarter, the value of GBTC shares took off as well, reflecting the meteoric rise in the price of bitcoin during that same time period.
- GBTC shares rose 222% in the fourth quarter and are up 39% so far this year. The price of bitcoin increased 177% in Q4 and is up 63.1% YTD.
- Grayscale is owned by CoinDesk parent company Digital Currency Group.
Episode one of a new season!Today was an important day, you ask why?
Tesla just made a Top reversal pattern..!
AFTER EXPERIENCING A 2500% GAIN IN LESS THAN 2 YEARS, tESLA GETS OUT OF A TOP WEDGE with increased volume...! closed below 50days EMA and broke below the 1-year trend line!!
If they are not convincing you to get out of tesla, please read my previous analysis and write your reason in the comment section!
ARKK following similar tests along the way to new highs ARKK is following similar price action in forming tests of support for new highs.
This current pull back is slightly expedited and showing an increase in volatility than trends in the past. (I believe this has been due to the uncertainty we saw leading up to unemployment rate releases and uncertainty in the overall market).
Considering this, I wouldn't see it completely out of the question to see price pull back below the .618 extension and test the perceived .382 line as support.
From there I see ARKK making new highs with a price target above $166 (1.0 extension) after claiming the perceived .618 ascending extension line as support.
Stop loss can be adjusted up to just below the most previous ascending line found as support.
**Not financial advice, these are just my opinions
Update on DKNG, tested previous high, good newsDKNG has contended with its previous high which bodes well for future performance. It's a very low probability event that any stock, commodity, or other financial assets break through a previous resistance without first contending with it.
DKNG has carried on trend, and so far Cathie Woods hasn't picked a bad egg. Expect some legs on this trade, especially after earnings when the rest of the world realizes how attractive the prospects for this business and stock are.
QYOU & ARKK Analysis - Stock Pick ReviewTSXV:QYOU Hi everyone,
In this stock pick analysis we will review QYOU & ARKK price action perspectives.
As a bonus I will also show my trade on NIO because it look similar to QYOU's price action.
Let me know if you have any questions around this and feel free to ask other assets you want me to review!
Kind regards,
Noel
Bitcoin, Major Indexes, Stocks, ARKK, vs My Managed portfolios 11.28% weekly gain in the first week of February
This past week my portfolio of 25 stocks performance was 11.28%, and for the 4th weeks in row My recommended portfolios beat all major indexes, S&P 500 (4.65%), NASDAQ (5.25%), Dow Jones (3.89%)and ARKK(8.75%).
Let’s look at the
1- ADTX @ 3.73 - 3.44 loss -7.77%
2- AI @ 139.60 - 146.60 gain 5.01%
3- AKRO @ 29.42 -31.45 gain 6.90%
4- CRM @ 225.56 - 238.89 gain 5.91%
5- EBON @ 5.13 -5.83 gain 13.65%
6- EDTK @ 3.26 -3.55 gain 8.89%
7- EYES @ 2.16 - 2.45 gain 13.43%
8- FSR @ 15.03 - 14.99 loss -0.27%
9- GM @ 50.68 - 54.41 gain 7.36%
10- GNUS @ 1.78 -1.88 gain 5.62%
11- GRPN @ 34.17 - 35.68 gain 4.42%
12- GSV @ 0.7093 - 0.7193 gain 1.41%
13- INTC @ 55.51 - 58.18 gain 5.45%
14- MARA @ 20.74 - 22.52 gain 8.58%
15- METX @ 2.03 -3.05 gain 50.25%
16- MRIN @ 2.16 - 2.28 gain 28.7%
17- MTC @ 2.07 - 2.58 gain 24.64%
18- OPTT @ 4.01 - 4.86 gain 21.20%
19- RIOT @ 20.52 - 23.38 gain 13.94
20- SNOW @ 272.45 - 306.05 gain 12.33%
21- THMO @ 3.41 - 3.27 loss -4.11%
22- VLDR @ 21.74 - 23.25 gain 7.09%
23- VRM @ 36.83 - 47.71 gain 26.83%
24- WISA @ 3.34 - 3.70 gain 10.78%
25- WORX @ 2.03 - 2.27 gain 11.82%
This portfolio performance becomes more interesting when you take a closer look at it:
- 22 out of 25 stocks ended the week with gains(88%)
- 11 stocks have finished the week with double digit gains (44%)
- 5 stocks had +20% gains (20%)
- 1 stock had 115% gain volatility, although ended the week with +50% gain
So far my weekly portfolios have had 54.14% compound gain in the last 4 weeks..!
This performance Shines more in comparison with other performances since January 11th 2021:
Bitcoin: +10.13%
S&P 500: 2.17%
NASDAQ: 4.88%
Dow Jones: 0.55%
Gold: -1.04%
Last word: Always search for the most volatile market, opportunities pops up in the most volatile market.
Moshkelgosha
Ark just added DKNG; go longArk just added DKNG to its ARKK fund which is extremely popular in terms of inflows and performance. This should create a floor for DKNG to really start to build up its share price. With the support, DKNG should head towards $80 a share.
Earnings are right around the corner and this quarter is like their holiday season; the Superbowl, the largest sports betting event of the year. They are going to knock the cover off the ball. Expect a lot of options activity around that time which should help to provide a slight gamma squeeze.
Fundamentally, they are beginning to penetrate new markets and take share from the black market as more states legalize. It's truly all downhill from here from Draftkings. Best pureplay on Sportsbetting/Sportsbooks.
If Ark and Cathy Woods a.k.a. the "Money Tree" are throwing their weight and reputations behind DKNG, I would NOT hesitate to follow.
Buy under: $65
Midpoint to sell half: $80.
Long-term price target: $100.
$CDXS - May be worth a pre-market buyThis hadn't popped up on my scans, but it is:
1: Sitting on 20ma after decent pullback
2: Sitting on volume shelf
3: Just added by ARKK after hours.
This could fly tomorrow. Might be worth staying up late (1:30am my time) to try to get s good position. I don't think this will be a R3G type of start out the gate. I see a Gap & Go possibility.
12.17% weekly gain when everyone else struggling to make money!First, I thanks all those who supported me in last week by following me, like my post and writing encouraging comments and transferring TradingView coins. I would like to thanks @abail, my follower who send 4600 coin in just on day because of the gain of one of his/her trade..!
The roller coaster week finished dramatically for most of traders, all major indexes experienced their worst week since October. S&P 500, NASDAQ, DOW JONES lost 3.31%, 3.30%, and 3.27% respectively and The famous managed ETF, ARKK lost 5.91% of its value..!
The coin has yet another bright side..! My recommended portfolio for the week gained 12.17% (volume weighted) in the worst week of the market since October. Even if you do not consider epic 277.78% gain of AMC, still the performance is positive and 1.10% gain.
In the last 3 weeks, my recommended portfolios beat all major indexes and ARKK,and beat them 12 out of 14 trading days in terms of performance.
Let’s review the portfolio performance!
1-ADTX @ 3.60 gained 3.61%
2-AKRO @ 31.06 lost -5.28%
3-AMC @ 3.51 gained 277.78%
4-AMD @ 92.79 lost -7.71%
5-BYND @ 140.70 gained 26.57%
6-CFMS @ 1.40 lost -25.71%
7- CRM @ 225.77 lost -0.09
8-EYES @ 1.94 gained 11.34%
9- FUBO @ 37.72 gained 12.01%
10- GNUS @ 1.57 gained 13.38%
11- JE @ 6.85 lost -2.04
12- KIRK @ 28.07 lost -9.30%
13- KODK @ 9.46 gained +1.37%
14- LYL @ 2.71 lost -18.45%
15- MTC @ 2.44 lost -15.06%
16- NIO @ 61.95 lost -7.99%
17- OPTT@ 5.60 lost -28.39%
18- PAYS@ 5 lost -6.40%
19-PLTR @32.58 gained 7.98%
20- SOLO@ 8.16 lost - 5.76
21-SPCE @ 34.58 gained 29.20%
22-SYN @ 0.9116 lost -15.19%
23- THMO @ 2.65 gained 28.68%
24- TSLA @ 846.64 lost -6.27%
25- WKHS @ 23.51 gained 45.98%
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds of success for yourself..!
Don't forget to like, comment, and Follow to encourage me to continue this.
I would appreciate if you share my analysis on your own social media.
You can send TradingView coins to support me publishing high quality ideas..!
Stay tuned great live stream and quality content videos coming soon..!
Wish you a profitable trading week ahead.
Moshkelgosha
Where is the support level for ARKK..?Many people believe , technical analysis is not working on a managed ETF, BUT you clearly see how ARKK responded to 20 EMA and 50 EMA in last couple of months!
This is the first time since November 10th that ARKK is closed below its 20 EMA..!
128+123 could be the next support level.
PLTR stock was bought by ARK! where stock price go? Palantir (PLTR) we missed you in action in the last month and a half... I covered what the company does and how in the previous idea I wrote in Nov -link here
So Palantir acquired new contracts in the health sector last month and as it seems now – their technology can integrate in any major corporation and improve efficiency dramatically.
This means that Palantir will acquire new clients organically based on user experience that is proving as very efficient and successful – which is the best advertising you can ask for 😊
Shares of PLTR were acquired last night by the notorious ARK invest – they bought 497,100 shares exactly and this is the first time the company is acquiring PLTR which means to us they believe in the company but more importantly, they think the stock price is reasonable if not underpriced!
So, let’s go on technicals – this one is pretty easy and clear
• We had an impulse wave that took the stock above the 30$ line.
• Once wave ended and people abandoned the stock it dropped to 24$ line
• Now we see in the last month it formed a sideways trend between 24$ to 28$
• After ARK news I expect the stock to go to the 28$ line and retest resistance – this will be our first target
• Second target will be breaking through the 28$ and giving us a high on the 31$ line – touching previous resistance
• Third target will be after breaking the 31$ and going to 34$ where we have our highest high and doing accumulation on that level so the stock can potentially break out to new highs – even 40$, we saw the SAME exact behavior on JUMIA this month and it eventually broke out
If all targets are achieved in the upcoming week or two (the market is very fast these days) then we can aim to take some profits at 40$. if we see the PLTR dropping to the red zone on the chart at below 24.00$ we can assume this analysis is canceled and should be ignored
We at FDGT truly believe Palantir has a lot to offer and their product is going to disrupt technology and innovate it to new levels as artificial intelligence is here not just to stay but to take over and companies that will not combine artificial intelligence in their software will fall behind, so this is only the beginning of PLTR , and we are very bullish on this stock in the upcoming years
Closer look (1H chart) :
Please remember to do your own due diligence, we are not certified to give any financial advice.
Happy Friday !!! trade safe
Square Inc $SQ is looking good, againThis stock is amazing, is been going for breakout after breakout. I entered NYSE:SQ on November 4th and I thought that I entered very very late, look at it now. I have a very high expectative on this one not only because its price movement, also because is a favorite for Ark Invest. They are holding NYSE:SQ on AMEX:ARKF and AMEX:ARKK with 10% and 4% respectably, these are top performing ETFs.
Right now is on a zone with a lot of support: previous high, 50 day MA and upward trend line. But is always risky to buy on the bottom of a pattern, the best buy point is on breakouts. In my case; that I already have a position, with this new entry point I can have a very good Dollar Cost Average. That´s why I´ll be watching NYSE:SQ very closely this week.