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Cathiewood

ARKK | Inside the descending channel Today we will look at the current situation on ARKK. Technical Elements: -The price has reached the lower zone of the cloned channel. -Inside the descending channel, we can observe a descending trendline. The main element I want to highlight here is that the price had reached a significant target for the bearish movement. Can the price keep falling? Of course, nobody knows with certainty what the price may do. However, we are in an excellent spot to start thinking about possible bullish situations. What's the idea I'm developing? Wait for the breakout of the current descending trendline + a corrective pattern (red circle) IF that happens, I think we have good bullish potential to trade on a new local high towards the higher trendline of the descending channel. At the moment, this is an idea that requires patience to see how the price evolves. Thanks for reading!
AMEX:ARKK
by ThinkingAntsOk
5
HOOD Robinhood Growth ThesisRobinhood has 22.5 million users with a median account balance of just $240, while Interactive Brokers has 607,000 users with 240K median account balance. the idea is that HOOD`s users are young people that for now don`t have enough money, but once they will get a job or earn more, the app will keep its userbase and they will most likely have thousands or maybe tens of thousands in their account. If you haven`t bought the dip here: Then you should know that with ‘hyper-extended hours’, Robinhood wants to make stock trading available more hours of the day! I think that is the future of trading, 24/7, or just something from the past that we need to revive. “Continuous trading,” in which orders are executed when they’re received, didn’t take hold until around 1871. My price target is $35! Looking forward to read your opinion about this!
NASDAQ:HOODLong
by TopgOptions
2
Has ROKU finally found the bottom?ROKU has tanked drastically from it's high of 490 in July '21 to it's current price of 151 during the major selloff which has affected nearly all Cathie Wood-type stocks. Namely, unprofitable growth/tech stocks. Interestingly enough, on January 24, ROKU printed a bullish hammer with above average volume, bouncing precisely on the 161.8% extension from the May '21 low to July high. Indicators are also signaling extreme oversold levels along with bullish divergence. The last time ROKU showed bullish divergence like this, it went on to make a new ATH. Short term PT can be 160 or the small gapfill above at 166. Further out, we can see ROKU break out of the trend line and test 190. Of course, anything can happen and ROKU can freefall to pennyland especially given the current market volatility and climate we are in (inflation, anticipation of feds rate change, Russia/Ukraine) but I like my chances here. Just my hypothesis.
NASDAQ:ROKULong
by UnknownUnicorn29867855
The most significant decline in ARKK's historyToday we will take a look at ARKK. The main element we have to comment on is the current decline, the biggest in the ETF history. The current drawdown is at 51%, and we have three other situations in the past where we observed declines of 30% or more. Here are some key ideas you can use to increase the odds of engaging on a successful setup on the ETF, assuming that eventually, we will have a new bull run. * AVOID trading below the descending trendline . A trendline is telling you something "above assume X, below assume Y" in this case, the price is clearly below the descending trendline. Therefore we should avoid any type of swing setup mainly because there are no signs that the current bearish trend has finished. If we have to take a really bad scenario for the ETF based on the current technical elements, we can observe a -60% decline with a major bearish target on the highs of 2020. * Study the 3 previous scenarios . IF you want to catch the next massive movement of the ETF, then you need to study how the transition happened in the past, where the price was on a severe drawdown, and then we saw new impulses. So, if you want to understand what's going on, start studying the previous 3 scenarios and look for patterns. My current view is that assuming the trending characteristic this asset has, I'm more than interested in developing swing setups here. However, at the moment, I'm WAITING; my two filters are: 1) The price has reached the major bearish target at 62-61 (start thinking in bullish opportunities) 2) The price is getting close to breaking the descending trendline (start thinking in bullish opportunities) Thanks for reading! Feel free to share your view in the comments.
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AMEX:ARKK
by ThinkingAntsOk
53
TDOC: SOME POSITIVE SIGNSTDOC : One of Cathie Wood's big holdings. After being totally destroyed TDOC stock is showing some positive signs of a reversal : 1. Hammer candle on daily (which will have to be confirmed by one or two more candles, i.e. follow through). 2. Bullish divergence RSI-PRICE 3. Price just below historical support-resistance zone . I don't like that fact that we broke below support but it could just a false breakout*, if this is the case I would expect the price to go back above the green lines. I'll be much more bullish if we break the resistances (green lines). I initiated a long position yesterday as a swing trade . My target is around $100 but will reassess if/when we get there. Trade safe! * A failed break occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction. ... Since the breakout attempt failed, the price could head the other direction. A failed break is also commonly referred to as a "false breakout."
NYSE:TDOCLong
by Elpidaldo
3
CRSP on a major weekly level. What's coming next? Today we will take a look at CRISPR Therapeutics. Which are the main technical elements we can see here? a) The price is against a major Support/Resistance level, working since 2018. The price reaction on these zones tends to provide solid insight into future movements. b) Let's assume the price bounces on the current zone; what can we expect? - A movement towards the descending trendline around 100.00. IF that happens, that would be a take-profit level for me. Why? Because we tend to observe corrections once the price reaches a major level. You don't want to be insight a sideways movement for 100 days c) Let's assume that the price breaks the current level and keeps falling. What can we expect? - A movement towards the ascending trendline around 50.00. That would be the next level where I would start thinking again about bullish reversals. d) I'm a position trader. What is the most relevant level right now to develop setups? -If that's your case, I want to see first a breakout of the descending trendline; IF that happens, I want to see a correction of around 50 days. IF that is the case, I will be interested in trading that breakout for the long term. However, at the moment, we are far away from that situation, and I would stay away from this chart for long-term setups. Thanks for reading! Feel free to share your view of this in the comments.
NASDAQ:CRSP
by ThinkingAntsOk
1
Money where your mouth is... ARKKI admire folks that are willing to put their trading out there for comment and criticism. It takes a lot of emotional control to trade in isolation much less when under public scrutiny. Cathie Wood was the idol of the trading world last year and widely followed for her style of exciting and parabolic investing as well as her public charisma and confidence. There was one interview in particular (I wish I could find it now but she has done many) where she acknowledged that within her trading history she has had cycles of incredible returns invariably followed by large drawdowns. She gave this interview right around the peak of her funds' performance last year. Real recognize real. That she would openly acknowledge and admit that she had self identified this pattern of her trading spoke to my own journey and likely that of all serious traders. She had acute self awareness and in some way, in that interview and comment, was warning people to be cautious with her strategy at that current moment. Now as her funds decline other traders are trying to make a name for themselves off her fall. One of which that has come to my attention is Puru Saxena. He is vocally short her funds and very bearish. That is fine for them to have a battle; no need for me to get involved. Cathie has her strategy focused on long term growth. Puru bases his strategy on macro. Neither are my game. But now it gets interesting for me as a Technical Trader. At the same time Puru is adding to his short AMEX:ARKK is sitting right at a 50% Retracement of the major trend. Over the last few days price spiked below this level only to recover quickly above it. These are my strategy. So now I get to step into this battle by putting my own capital on the line. It's a low risk/high reward trade. Not for the money but for the validation of Technical Analysis versus macro.
AMEX:ARKKLong
by norok
6
DNA Ginkgo Bioworks: H&S Possible?Quick Analysis on Ginkgo Bioworks Holdings, Inc. (DNA) on a 4H Linear Chart. This is an Ark Invest (Cathie Wood) portfolio name. 1) The stock price for DNA looks to be potentially forming a Head and Shoulders Pattern with the current Right Shoulder formation in process. 2) The Right Shoulder price target would be around $12-$12.25 using the Volume Profile (VPVR) where there is a cluster of tradable volume. 3) The RSI (relative strength index) has room to still go up to help the price increase. 4) The Volume recently came in. 5) If prices goes back down to the bottom trendline with Sell Volume support, the Head and Shoulders Pattern could be confirmed. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
NYSE:DNA
by MillionaireEconomics
3
BUY THE DIP? With Cathie Wood & Michael Saylor buying the dip doing so was almost compulsory. We have the best investors & best leaders in the space constantly voicing their opinions as well as their purchases. IMO there will never be buying opportunities like these again, specifically not at these prices. Unlike most of you, I survived the Bear Market/Sideways action of BTC from 2017 to 2020. The difference between me & most people is I never stopped buying while BTC went sideways seemingly forever. This dip is a discounted sale, but I'm also prepared to buy sideways for another three years if that's what it takes. The gains made in 2020 because of all the discipline were well worth the wait. Do you buy dips & sell tops, or are you a HODLer? Are you here for the money or do you really think BTC will change the world? Let me know in the comments!
COINBASE:BTCUSDLong
by CryptoQue
1
I will avoid trading below this trendline | ARKKToday, we will look at ARKK, one of my favorite assets to trade. What can we see right now? The price made a new local low last week, which took us to a 42% decline since the previous ATH on February 2021. As you can see, this scenario already happened in the past, and ALL the time, we saw new ATH coming after that. That's why it's important to define what I will be expecting before taking new bullish setups on Cathie Wood's ETF. The main element I want to pay attention to is the current descending trendline. Below that level, I will assume that I'm not in a solid situation to develop setups. Therefore, I want to see a breakout of it FIRST. Most of the time, getting great opportunities is a matter of patience, and the most important thing is that we can't force the market to provide us with an opportunity; we can only wait. And, at the moment, the price is on a clear bearish trend, far from our filter. So, this post is more about "what I will not do" rather than what I'm expecting. So, my conclusion here is: Until I don't see a breakout of that descending trendline, I will not risk my capital, and I will keep waiting. Let's see how much time we should wait for that to happen. Maybe a couple of months. Thanks for reading, and feel free to add your view or charts in the comments.
AMEX:ARKK
by ThinkingAntsOk
1
ARKK Ark Innovation ETF: Short TermHello friends, today I am completing a technical analysis on the 1D linear scale chart for Ark Innovation ETF ( ARKK ) led by Cathie Wood. #CryptoPickk notes the following: 1) Ark Innovation has had a great run from 2020 into early 2021 when the ETF made an all time high. Since that point, it has been correcting. 2) Since the all the high, the price has been ranging within a multi-month triangle pattern, which it recently broke down from. 3) Since this was a Symmetrical Triangle, measurement from the top to the bottom of the triangle shown in the yellow line was taken to estimate a measured move. 4) The pattern breakdown, shows a target price around the $75-85 range before the next possible pattern may begin. 5) This also falls in line with the Fibonacci Retracement level of 0.382 which is around $81. 6) Since the RSI (relative strength index) is heavily oversold at this point, the price may have a relief rally or a dead cat bounce before moving lower to the target price. Usually the dead cat bounce occurs around the 0.786 Fib level shown in the cyan color Fibonacci Retracement. 7) The Volume is strong so expect volatility. 8) Short term for ARKK is not looking great, but neither is the entire stock market so let's see where this one is headed. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
AMEX:ARKK
by MillionaireEconomics
6