TDOC Breakout Trade, with Trigger and StopAfter the acquisition of LVGO, TDOC has traded sideways, creating a 6 month base. During that time TDOC has increased its institutional holders to 44 funds. Technically, the chart is showing an inverted head and shoulders base beakout, a trendline break, and consolidating below supply between 225-240. Above 240, TDOC can break upward to 300 with an upward target of 500. The chart is similar to ROKU's pre-breakout, which I also posted. (see related ideas). The stop would be a break below the downtrend, at 215.
ARKK
RECOMMENDED PORTFOLIO of 25 STOCKS FOR THE COMING WEEK After having a fantastic week with 4.37% gain(volume-weighted) in one week..! While NASDAQ 100, S&P 500, and Dow Jones lost 2.3%,1.48% and 0.91% of their value respectively. Even managed ETF of ark invest ARKK LOST 0.4% in the previous week.
I hope with the changes I made in the portfolio, it's performance became better in the following week. Although we are going to have a week full of news, which could alter the whole market performance, I believe soon we have enough reason for a better market..!
( It is better to invest an equal amount of your capital in each and have them all)
1- ACCD @ 52.35
2- ADTX @ 2.37
3- AKRO @ 29.24
4- FE @ 31.67
5- HEPA @ 2.30
6- NNOX @ 49.68
7- STCN @ 1.09
8- SUNW @ 11.36
9- TMHO @ 2.32
10- QDEL @ 204.49
11- PLTR @ 25.64
12- CFMS @ 1.22
13- BYND @ 140.10
14- VINC @ 21
15- EDTK @3.47
16- CYBE @ 25.67
17- FLDM @ 6.18
18- WKHS @ 23.34
19- ZM @ 384.53
20- FB @ 251.36
21- SYN @ 0.8199
22- BNGO @ 8.43
23- DGLY @ 3.05
24- SOLO @ 7.55
25- PCB @ 10.77
Stay tuned for changes that I would make during the next week..!
Don't forget to like, comment, and Follow to encourage me to continue this.
Wish you a good trading week ahead.
Short term bearish unless some great news to move this stock up.I know there are rumors about ARKK investing in this but I think the news are priced in. Although long term this may go up, short term I believe will be a retrace. As of now the stock is Overbought on weekly chart and has a nasty "scissors" touching the 200 moving average. I would buy this but I will wait for a better entry IMO.
Strong uptrend for 2U.com $TWOUThis stock is a top pick for a lot of leading ETFs like ARKK , ARKG , ARKW , CLOU and XSW . That's a synonym for good long term view from this companies, and I really like that. You could say that, that is part of my fundamental analysis.
On early November the price tested its 200 day MA and it held very well. Now, after a good breakout, is testing its 20 day MA and so far is looking good. Depending on the close I'll buy some, and if on the coming days it breaks out of its resistance on $45, I'll buy some more. I believe this is a good stock to go long for a very long time.
Big move coming when $TSLA wakes upTA,
- Volatility contraction pattern(VCP)
- Volatility reducing= Supply drying up(see previous 2 instances). 35% drop followed up by a 24% drop and the latest, a 9% drop.
- Short term trend breakout but lacked sufficient volume
- Trendline support
-Oversold for Tesla standards
-Longer it consolidates, more explosive the move
-RS improving
FA,
- Read Elon's book
Entry : Break of 462 for a trade /Now for long term
ARKK continuing outperformance, but has it run too hot?ARK is unique in that it has multiple non-leveraged, actively-managed ETFs that have delivered strong outperformance. But in the past few months, that out-performance has gained steam. We've seen ETFs like $PBW and $TAN run up, but $ARKW, $ARKQ, $ARKG, $ARKF have all delivered strong performance vs. $SPY. This chart shows that the "innovation and disruption" narrative is either true, or has been overbought. The divergence is extreme.
Sitting at 10%+ of the fund is $TSLA, who recently dissolved their PR team, and had a roof fly off of a Model 3 on the drive home from the dealership. Valuations are stretched on most of the holdings. Research by Morgan Stanley and Schwab Equity Research have shown that stocks with very high beta and the highest forward P/E estimates perform worse than those with low-beta and lower forward P/E estimates.
From a technical side, any kind of mean-reversion for $ARKK would be disastrous. While it is the most liquid of the $ARKK funds, a breakdown in the mid-cap growth narrative could impact funds like these the most. $PBW and $TAN have already dealt with their reckoning, losing a great deal of their value in 2009. Are we seeing something similar happen today? Or are we seeing another parabolic move that will see additional follow-through, as we saw with $TSLA back in January?
Arkk Innovation ETF - Disruption is the key.The markets correction is providing an opportunity for entry an amazing ETF.
the cross point is around 88.50, with strong resistance support at around 84.50-81 levels.
With Battery Day looming, a potential rebound may occur (Tesla)
Not to forget Nikola is battered with the resignation of Trevor, leaving few rivals to compete in the markets.
For those whom one some positioning in Tesla but want to diversify and not to take huge position, this is a great alternative
as the fund manager keeps a position on Tesla at around 10%.
point of entry for consideration between 86-88
Target Price based on 2 Nov
Low TP - 95
High TP - 113
Bullish on ARKK ascending triangle patternI love my triangles, and got the 12/18 $110 call options for ARKK based on several indicators / patterns here.
RSI / MACD flipping, price sound support and higher lows from channel bottom trend line, and the beautiful ascending triangle.
ARKK's biggest holdings are TSLA and SQ which are not showing any signs of slowing down going into the end of the year.
ARKK high buying pressureAfter hitting its final long long term support line, ARKK has finally bounced off the support. The buying pressure was so strong that it reclaimed its previous support at the 87.75 level. The RSI tells the same story. Expect a continued uptrend, until it hits the top of the channel, At which point we will either see the price breakout or fall back to the floor.
Also, Watch for the RSI to hit either trendline to get an idea of which way the price is headed. In the past, the RSI hitting a support level has been bullish for the ETF. When the RSI has the the long term resistance line, it has always been bearish in the short-medium term. The worst drop In Price, after the RSI hit resistance, was right below the March lows.
As for fundamentals, I like this etf because it has been a top performer, as far as ETFs go, for the past year. I also like this etf because it gives you good exposure to Tesla, without directly investing in the riskiness of Tesla. Even I admit TSLA could be trading at pretty high valuations, so it helps that this etfs invests in other “disruptive companies” such as Square (SQ).
Closing on the fifth D-WaveHere is our analysis on ROKU.
We plotted D-Waves on the daily chart and it turns out that the price still has to complete the fifth and final wave before hoping to climb higher.
In order to call the wave closed the price must first close at a 21 days low. So, for tomorrow the price target will be 145.7.
Financial Technology -winner20sma has been supportive since mid-april, today is a great opportunity for an entry at the current level.
Risk-Reward-Ratio is fantastic if you place a stop-loss-limit below the 20sma.
We are also seeing past resistance from early August, which is now coinciding with current support level.
RSI has not broken 50 since then.
OBV has been up-trending since.
Good luck!
EXON (XONE) • Growth stock for long term swing/position tradersCheck the video version (link in desc) for more insight.
EXONE (XONE) • A Growth story in the making part of ARKK ETF3D Printing company part of ARKK ETF
Company recently included in Russel 2000 Index
Potential Strong Growth Stock as 3D Industry is rising from ashes as companies like SpaceX and Tesla using 3D Printed parts.
The rest of the industry will catch up and soon traditional manufacturing companies will also turn into teh 3D Printing Technology.
ILLUMINA (ILMN) potential breakout over resistance $372ILMN is one of the highest conviction picks by ARKK investments (ARKK). They invest in disruptive technology that could potentially change the world.
Another pick Invitae(NVTA) has a similar pattern and broke out recently.
Level exhaustion at the $372 level and a potential accumulation zone. A daily close above 372 would be bullish.
An overall bullish sentiment with the price well above the moving averages.
Some key metrics I looked at,
3Y revenue growth: 13.89%
ROIC: 14.22%
P/CF: 48.54
P/S: 15.48
DCF value: $162 (Simply Wall street)
PEG: 2.2X
Future growth: 26.8%
Historical growth: 17.6%
Rule of 40 = net margin + revenue growth = 29+13= 42 (42>40, OK)
Potential tailwinds,
- Leader by market share (More than 90%)
- Relatively new industry
- Covid19 accelerating genome revolution and health trends
- The decline in cost curve
ARRK Innovation wins with strong trading, not technicalsThat indicates the trading of the fund has been superior. The concept of ARKK remains solid, however, investors should know that risk emanates also from trading skill of management. As the fund grows, trading for Wood will become harder. This is a satellite fund opporunity until the fund gets "too big." What is too big? Typically when the assets under management get to be about equal to the average net market cap of stocks traded. That is, if the average market cap of stocks owned is $10 billion, then the fund can likely trade effectively until it has around $10 billion under management. This rule is not firm, it is fudgey, but generally about right.