Teladoc Trade [TDOC]A staple of Cathie Wood's ARKK Invest fund, Teladoc looks to be winding up for a big move in the coming days after breaking the resistance of a supply line that has kept TDOC stagnant since the peak of its small rally in June.
Now we find it at a key support level just outside of the trendline and finding support on our 21 MA as well.
I am long on TDOC with a stop loss at $149.99. At this point, if the green horizontal line of support would be broken, the next level we want to look at for a long would be $146.84. However, a break and close of $146 would be a break into my no trade zone.
Bonus points for the asset if it can hold and maintain price action outside of our green, downward sloping line of resistance now hopefully flipped support.
Cathiewood
💎BITCOIN - Time to SMASH That Cursed resistance? ⚒️🗿Guys remember one thing:
Elon Musk pushed the price under a critical support level and helped flush it down the toilet . That's when I unfollowed him from twitter
Today he has an opportunity to reverse things and push the price (finally!) OVER this cursed resistance.
How? By announcing some Good or Great news together with Jack Dorsey and Cathie Wood of ARK Invest, today at " The ₿ Word ".
The ₿ Word is a Bitcoin focused initiative that aims to demystify and destigmatize mainstream narratives about Bitcoin, explain how institutions can get on cryptoland.
Believe me, in front of Cathie Wood ( who is one of the biggest investors in Tesla ) , Elon will be a GOOD BOY today..
It's coming guys and it's starting to get better and better.
One love,
the FXPROFESSOR
$NNDM Time To Be Scared?Nano dimension has had a hell of a run since May 12/13, but now the market can't decide what to do. Theres one side that main stream believes, which is inflation and the upcoming collapse of the market or the side of Cathie Woods which we will experience deflation. How can that be with money printing from 2020? Well we aren't printing money as fast now in the United States since the economy is reopening. IMO the money printing was unneeded to the degree it went, but now it has slowed down the market goes higher? One explanation is that the big money left in 2020 and the gov is the one who recovered the market with retail and now the big money is getting in at highs and complaining on mainstream media. This is just an idea and not proven fact.
We are here however to talk about NNDM, which has had a rise of 65% from May 12th/13th while bitcoin has fallen as low as 46% from that date. Correlated? No telling, but in Coinbases COIN er institutions controlled 60% of the volume in Crypto, so who knows. At the same time we talked about valuations of NNDM at $5 didn't make any sense, so was a recovery of oversold stocks? No telling, but the future does look bright with recent news in NNDM despite NNDM dumping at $9 as the NASDAQ continues to rally, so should you buy?
News
-CEO increases his position and owns 12% of the company. This is bullish facevalue, but the only downside he will have a strong weight in the voting. Many people are scared of more shares being sold, but thats unlikely, so this news is bullish.
-NNDM joins the 3dprinting etf. This might not mean much, but looking at the etf since 2020 it has increased from the lows of 2020 by over 300% and passed prepandmic lows.
-EX amazon employee becomes president of the america business side of NNDM. With recent news on Amazon and its continue growth. An EX high up employee joining NNDM is amazing long term and shows that NNDM is serious on its growth with their 1.4bil in cash.
-Upcoming news is 4 acquisitions, which two will make the business profitable so its a matter of time.
TA
-RSI is over sold which is bullish in the short term, but resistance is at 47.77
-MACD looks like a reversal is going to go green unless the shorts are going to take it down.
-We are range bound between 7.31ish to 8.09, which was a range we had before we broke out and head towards to $9
-We are in the low range of high vpvr levels, with 7.69 would be a short term resistance till we go test the $8 again
-A 70% correction from the recent high of $9ish is at $6.60
Final Thoughts
I hold my position and bought more at 8.20ish and I am up still, but not much. If you are up you can nibble or wait till 7.30ish, but its a high risk with the recent bullish news and growth the Nasdaq. Overall I think this selling is overblown and will remain long at these levels.
Cathie Wood vs. HindenburgIn the Blue Corner: Cathie Wood
Who is Cathie Wood?
Cathie Wood is the founder and CEO of Ark Invest. One of the most popular investment management firms that focus on growth sectors and long-term, high-reward investments.
Wood is the former Chief Investment Officer at AllianceBernstein, but left the company in 2014 to start Ark Invest after her popular disruptive innovation funds were deemed to be too risky.
Why has she become so famous?
In 2021, Forbes named her in the “50 over 50” list of influential figures over the age of 50. She was named the Best Stock Picker of the Year by Bloomberg News in 2020.
Wood has gained a massive following in social media communities such as FinTwit and Reddit. Her focus on popular growth names is held by many as the industry standard of how growth sectors are performing.
Wood has made several forward-looking forecasts that have gained both the ire and praise of Wall Street.
In 2018, she famously predicted Tesla TSLA would hit $4,000.00 per share. She was ridiculed at the time, but in January of 2021, Tesla shares hit that mark on a split-adjusted basis.
Wood has also predicted that the digital currency Bitcoin BTC will one day hit a price of $500,000.00.
She definitely puts her money where her mouth is by adding both Grayscale Bitcoin Trust GBTC and Coinbase COIN shares to her various ETFs.
In the Red Corner: Hindenburg Research
Who is Hindenburg Research?
Hindenburg Research is a well-known investment research firm that focuses on short-selling stocks by releasing reports alleging things like fraud or providing information that misleads investors.
Hindenburg was founded by Nathan Anderson. An activist short-seller that has made a living off of taking down publicly traded companies.
Why are they so famous?
Hindenburg Research has been one of the more accurate short-selling investment research firms over the past few years and have revealed fraudulent activities by several different companies.
First, it exposed electric truck maker Nikola Motors NKLA in a damning report that revealed CEO Trevor Milton was behind operating Nikola as an ‘intricate fraud’ .
The timing of the report couldn’t have been better: It was on September 10, 2020.
Just days after Nikola announced it was entering into an agreement with auto industry heavyweight General Motors GM .
Milton was ousted as CEO and never did deliver his long awaited rebuttal to Hindenburg.
Shares of Nikola have plummeted from unimaginable highs of $93.99 in June of 2020, to its current price of just over $15.00 per share.
Nikola is now the poster child of skepticism surrounding companies that come public via SPAC IPOs.
Hindenburg took on another EV SPAC company in Lordstown Motors RIDE , releasing a scathing report on March 12 of this year.
Just last week, Lordstown saw both its CEO and CFO resign. As well as the company reporting that there is significant doubt it will be able to meet previous production estimates.
Hindenburg has taken on other heavyweights and is well known for taking a short position and driving stock prices lower.
The Heavyweight Fight: Cathie Wood vs. Hindenburg Research
Round 1: Hindenburg Throws The First Punch
On June 15th, Hindenburg struck again, this time targeting popular sports gambling and fantasy sports company DraftKings DKNG .
Some well-known investors in DraftKings include Walt Disney DIS , WWE owner Vince McMahon, and owner of the New England Patriots, Robert Kraft.
DraftKings also has lucrative partnerships with the NFL, MLB, NHL, NASCAR, UFC, and the Dish Network.
A lot of potential brands could be hurt by these allegations if proven true.
n the report, Hindenburg alleges that DraftKings’ SPAC merger partner, a Bulgarian company called SBTech, is heavily involved in the black market and illicit gambling that has ties to money laundering and organized crime.
SBTech was absorbed into DraftKings as a part of the SPAC merger.
It now operates as an in-house part of the DraftKings brand. Therefore, allegations against SBTech are allegations against DraftKings as well.
According to Hindenburg, SBTech attempted to distance itself from the black market and organized crime prior to the merger with DraftKings.
It even created a new entity called BTi, that acted as a front for SBTech so it could continue to make revenues from markets where gambling was illegal.
Hindenburg gives an estimate that 50% of SBTech’s revenues are made in markets where gambling is considered illegal.
n fact, Hindenburg actually gives several gambling websites that have ties to known organized crime rings, that led back to SBTech and its subsidiaries.
These allegations are some of the most serious that Hindenburg has reported, with legitimate legal consequences that could have a long-term effect on the DraftKings brand.
Shares of DraftKings fell by 4.2% following the news.
Does Hindenburg Research have a short position on DKNG? At what price?
Oh you better believe Hindenburg has a short position in DKNG. So as with most short-seller reports, take them with a grain of salt.
While Hindenburg does not reveal how large of a short position they own, fundamentally it is in their best interest for the DKNG stock to continue to fall.
Round 2: Cathie Wood Attacks
Enter Cathie Wood, who may just be the personification of buying the dip!
Wood is well known to target companies she likes long-term that are beaten down.
Some examples of this include her continued support of Coinbase COIN and Teladoc TDOC during their prolonged dips.
So how much DraftKings did Wood buy? She added $42 million worth or 870,299 shares following Hindenburg’s report.
Wood added these shares to both her Ark Next Generation Internet ETF ARKW and her Ark Innovation ETF (ARKK).
The stock now represents the 19th and 17th largest holdings in each ETF respectively.
It seems like the markets were supportive of Wood’s investment as shares of DraftKings closed the next day higher by 0.6%, outpacing the broader markets.
There Can Be Only One!
… Who will win?
Judging from DraftKings’ rise the next day, it looks as though Wood and Ark Invest have taken round one from Hindenburg.
The report from Hindenburg was thorough and detailed, but unfortunately for them, there is a general disdain right now for short sellers in this market.
Retail investors have made it their mission to blow up short positions across the market, so we just don’t think Hindenburg’s latest report will hold up against the Queen of Growth, the Duchess of Buying that Dip, Cathie Wood.
What do YOU think? Who will win this fight?
HYPER GROWTH IS BACK IN TOWN, CATHIE WOOD IS IN THE ROCKET SHIPHyper growth has crashed by over 35%, inflation data is not as bad as everyone thinks, 10 year treasuries have pulled back, commodity prices have dropped massively, lumber has dropped from 1700 to 1100, fed likes to print money BRRRRRRRRR. This is not financial advice and I'm not advertising the buy or sale of ARKK etf or its holdings.
Trading Plan for the breakout on ARKK - Statistical ApproachToday, we will explain our trading idea on ARKK.
What are we observing right now? The price is inside a descending Wedge pattern (106 days correction), and we are observing possible signs of a breakout happening soon. We can see a clear support zone that the price could not break, so we expect a bullish movement towards the next resistance zone at least.
How are we planning to trade this movement? We are waiting for 4 daily candlesticks, at least on the edge of the wedge pattern. (Currently 3) After that, we will set pending orders above the structure, and we will wait for a new local high for an execution. The optimal scenario would be to see a retest of the white curve.
Ok, but why did we chose 4 daily candlesticks and not 7 or 9? Good question, smart guy. Let's take a look at the next chart
Here we have defined ALL the corrective patterns that were ABC clear structures with a duration higher than 50 days at All-time highs level. The conclusion is that after we have the first breakout attempt, we observe a 4 to 8 days correction (daily candlesticks on the edge of the broken pattern) and a new local high as an execution level has been working really well to provide Great setups with huge risk rewards ratio. OF COURSE, the setup failed several times, this is a statistical approach to taking setups, and we should be open to a new fail here. However, our approach is taking good bets in terms of Win rate and R/R ratio. (this means taking several setups to start observing an edge)
The risk we are planning to take on this setup is 1% of our setup, move our stop loss to Break-Even on the next resistance zone, and we will look for a 1 : 10 R/R
Thanks for reading!
DRNA; A Psychological Analysis of Investor BaseDISCLAIMER
This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. There is absolutely no financial advice here because the only financial advice I can give is to research, research, and research. The purpose of this analysis is to serve as an example of an investigation into a company's background, fundamentals, and assets through various lenses to determine if it is a good potential investment for you. The function of this write up is to serve as an educational resource for investors looking to understand how to find good investments. So read and learn some things about a company's investor base, that may or may not be completely bs. This is not meant to serve as financial advice, rather as a case study for analyzing a stocks investor base. I have no clue where the price will go, just where various populations think it is going. I am a fan of RNAi companies, and if I find one that I can cover without breaking a NDA, I will write it up. If you have any further questions, please feel free to ask! Everything is pretty much on the chart. Thanks, hope y'all find something interesting and new!
Should be scanning ETFsCome Monday going to look at a position in XBI (if it has not gone too far). Pulled back and spiked at the Weekly 50% Retracement that matches with prior price action. Stop needs to be just below the low of May 11th.
The industry for this ETF is Biotech. This should make Cathie Wood happy.
$PLTR Meme Stock with Real Fundamental ValueQuick update on PLTR, moving how I predicted towards its first target of $27. Red day today because of the meme stock price movement, but this company does in fact have true fundamentals and continues to sign deals with the US government as well as show YOY growth, data analytics will without a doubt be one of the biggest sectors in the near future, and one of the only positions I will accumulate steadily throughout my lifetime as an Amazon or Facebook of my generation.
The price movement can also be reflected by the meme stock rampage currently going on, due to redditors absolutely loving the company as well as our faithful Cathy Wood that continues to BTFD. Palantir not only is an incredible growth company that I believe will have a significant value in the years to come, but Reddit also can and has been giving this some steam to break out even further. Options are interesting on this one, so I would say share accumulation is the way to go. GLTA, PLTR to the moon (Long term for good reasons).
ARKG - The Fall is comingI was looking forward to today, this week, on whether we will be rejected by the downward cross resistance line or not and we got rejected.
This is not good because twice rejected and twice got support confirms the narrowing wedge formation (thick blue lines converging)
I draw the path I expect this etf to follow. I am in since 9 months on this ETF and my cost average is 90....Knowing where it is headed, I will not sell but start averaging down around 67-70 dollars.
I routinely buy certain ETFs and ARKK I pay a bit more attention due to current trends so I skipped routine buys for the last 3 months due to fall it is heading.
$BNGO Update, Near 7$ TargetBNGO showed a solid reversal out of its downward channel towards 6$ for confirmation that it was finished going lower, and shows a continued strength for a move towards 7$, its 23% retracement level from high to low. If traders and the market want to bring this higher, my next target would be near 8$ or a 38% retracement. More of an in and out trade for me, but judge it how you want and use the Fibonacci as areas to trim your position.
$PLTR Update - Monster Momentum Ahead PLTR working out beautifully as it broke out of its downward channel, now that the reversal is clear, we can watch this bounce off the 100 and 50 Day moving averages, giving this room to move exponentially towards previous ATH's.
The Glorious Days of ARK Invest has been passed...I have published many short analyses on ARKK, and other funds managed by ARK Invest and Cathie Wood.
Some people may think I have personal problems with her or ARK Invest, but this is not true. I do research and analysis in the financial markets since 12 years ago. I started this when I was a 4th-grade medical student.
Since I was, and I am a bookworm, it wouldn't be a false claim if I say I have read more than 100k pages of books and financial articles in the past 12 years! (my best record ever is reading a 680 pages book in less than 2 days)
My favorite Topic in the financial world is Bubbles and the different stages of their development.
Why financial bubbles are so attractive? Because bubbles are the real game-changers! They create new generations of millionaires and billionaires while making many broke! I believe Bubbles are a "Zero Summation" game. From beginning to end no real value is created during any financial bubble!
Those who get on board in the primary stages of any bubble will be the winners if they are not greedy and take the primary capital out of the trade at right time! These people are not average investors, and usually are less than 1% of the investors' population.
I believe ARK invest did a great job between March 18, 2020, to February 16, 2021. ARKK their flagship fund made +305% in profits in less than 11 months! 3 times more than Russell 2000, 4 times more than NASDAQ, 6 times more than S&P 500 and Dow jones!
From a financial point of view, this is one of the best performances ever, no doubt. They achieved this in one of the best bullish rallies ever, the second-best in the last 35 years, after that 9 months from June 1999 to March 2000 when NASDAQ experienced a +140% growth. Do you know what happened after that? NASDAQ corrected more than 83% in the next 31 months, in the financial world it is called the ".com bubble" since then.
NASDAQ Performance in the last 35 years:
NET NET Fund an Example of "Thematic Investing" 24 years ago
It would be interesting for you to review the NET NET fund story between 1997 and 2000. The NetNet Fund, which is focused on Internet stocks, for three years rode the tech bubble into the stratosphere and ballooned from about $10 million in assets in 1997, a year after its inception, to about $12 billion when Munder closed the fund in April 2000.
Could ARK Invest be the next NET NET fund?
I believe to answer this question we should review their portfolio management when the market went south. For instance:
A: ARKK Feb 19th 2020 - March 18th 2020:
B: ARKK Sep 2018 - Dec2018:
C: ARKK Jan 2016 - Feb 2016
I think it would even be better to look at a bigger picture and check the ARKK performance from start in October 2014 to February 2021:
The bright side +668% gain in the first 6 years. (76 Months)
The dark side: losing 40% of whatever they had achieved in the past 6.5 years in the last 4 months:
By now you must know that she and her "Thematic Investing" project is in very very big trouble! Although she successfully managed to manipulate the market using the power of social media in the past 6 years, she forgot that this only works in a Bullish market. Usually, when bullish markets reach their ends, they start correction from the most ballooned assets!
In our case, you can check EV makers and Biotechnology companies! Most of them corrected more than 50% in the past 4 months!
For instance Tesla and Crisper, you can find here stories about how promising the future will be for these two companies:
Tesla: lost 39% of its value in the past 4 months:
Crisper: lost 56% of its value in the past 4 months:
I think I provide enough examples to show that the ARK Invest management team has very good performance in bullish rallies but they have no skill to manage their fund during previous corrections in the market! In the above example, you see during the past major corrections they always underperform and correct more than all four major indexes.
Things will become more interesting when you notice she invested 99.72% of the available cash, and she hopes for market recovery! The top 10 holdings of ARKK with almost 50% weight, have lost their value between 18-52% in the past 3 months!
If you patient enough to read this article you must know I provide evidence for all the claims!
In conclusion, I believe ARK Invest did not invest in the growth stocks because they believe in the future of these companies, they invest in these companies because they knew they were able to sell their stories to inexperienced investors using their pyramid social media networks and on the top of all Youtube!
The very same method used by Elon Musk in the cryptocurrency market using his Twitter account and Chamath Palihapitiya using SPACS...!
Don't forget the author of this article warned everyone about
1- EV makers correction as early as February 18th, 2021:
2- Bitcoin Crash as early as April 13th, 2021 when it was 63.8K:
3- Tesla correction as early as February 17, 2021:
4- ARKK correction February 22, 2021
5- The cryptocurrency market crash on May 14, 2021, exactly 72 hours before it happened. ( I updated my status on all my social media and TradingView and warned about the Whole Cryptocurrency Market will Crash soon)
Moshkelgosha
Tesla; A short historical chart analysis DISCLAIMER
This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. I am obviously not rich, so obviously I haven't made it with my own thinking, so definitely don't put faith in me. But maybe read and learn some things about a company's stock history and trend analysis with a subset of buyer and seller behaviour.
Behaviour Analysis
If anyone has seen any of the analyses' coming out of ARK on Bitcoin buyers and sellers, this is a little like that but with very specific buyers and sellers being analyzed. This is a small subset of the history of the stock, and only major groups will be organized, but the overall trend analysis is in support of a growth channel, as provided on the chart, but a follow up question/general wonder if that channel will hold with recent changes.
For those not following, Elon Musk has recently taken Bitcoin off the table (temporarily) for Tesla, citing environmental concerns. Without me getting into this, ARK is rather unhappy, with several of Cathie Wood's underlings going on angry man-baby rants on twitter (and getting shut down on them all). Mocking rich people is fun, and should be a common public sport.
While the arrows I have pointing to ARK doubling down on the Tesla bet is not perfectly exact, the general time frame stands. This serves as an important reminder of what these major groups are looking for in a chart and trend analysis, but also highlights their general belief that this growth channel is correct. My guess is this is also how they see Tesla going to 3k within 5 years with the appropriate positive catalysts correlating to developmental goals and timelines of Tesla's development cycle.
This is also a great reminder of how to scale and diversify investments. ARK has a wealth of Tesla shares normally tied up in their ETF, but we see they took in-flows to buy more Tesla at the bottom of the channel (likely keeping Tesla inside this channel) and selling at the high of the channel. While they took temporary massive increases in their Tesla investment, their was a base level unmodified through the event.
What is even more interesting, is Michael Burry's major short movement against Tesla. Burry and Scion probably recognized the bubble outside of the growth channel, and jumped on it immediately. My guess is that they are beginning to cover, as Tesla is far outside of their previous growth channel, but there is the possibility Burry is playing a game of wait-and-see.
With the recent wedge between Musk and Wood over Tesla, it will be interesting to see if ARK looks to buy in to Tesla again for the impulse series, or if they are going to take a more backseat approach and look for other groups to moderate price discovery for Tesla. Still one of the most heavily shorted stocks, Tesla represents a unique battlefront between Bears and Bulls, where neither is right and both are fighting on shifting sands. Tesla has enough foundation and momentum to move forward as a juggernaut of capitalism, but when controlled by a mad kind, the battle becomes psychological.
With an average 10 day volume of 33 Million shares, price changes can be fast and volatile. This analysis is not meant to be a price prediction or financial advice, because the market only cares so much about trend analysis. While these big players create a self-fulfilling prophecy of growth channels, trend analysis and wave series congruence, their attention and money can be swift to change directions.
My hypothesis is that there is an institutional turnover right now, where institutions are deciding their big bets for the next year, and whether or not Tesla has a part in it. Tesla has a bright future ahead, but Elon Musk pushes harder and harder on investor confidence.
RSI analysis
The RSI serves as a good indicator for overall buying vs selling, the higher the RSI the more buyers and buying, lower the RSI vice versa. We see that the January peak correlates to high RSI, stepping into overbought territory. Furthermore, we see the decrease in RSI with decrease in price. While there would be a general favourable trend pointing to a time to buy right now, it is important to look at historical data and see that Tesla has a habit of staying in overbought territory for RSI. It would be easy to look at that and say, investors are overall bullish and Tesla is bound to bounce back hard from their oversell struggle, but equilibrium must be met. As this wave of overly bullish investors re-analyze the field, looking at Tesla's growth and compared to other mainstream available bets, it will be interesting to see the how Tesla's price plays out. Furthermore, the MACD supports the possibility of an extended down period, bringing Tesla back down to reality, or back down to a previous resistance level and sending it right back up as shorts look to cover.
High Volume Periods
Suggesting Tesla isn't a normally high volume stock would be wrong, but compared to these periods with >200M volume, perhaps we are due for a big week soon. It looks like we are well overdue according to historical trends, but Tesla has been trying to find a catalyst on either side to make that happen. The recent crash took a bite out of valuations, and NSTB coming out confirming Autopilot was not on did not give them that bump back up.
Things to Watch for
The following is an extremely short list of events to keep an eye out for, with some explanation:
Tesla-ARK communication: ARK is mad at Tesla, ARK is also in a little bit of a tight spot so them starting &*%$ would be interesting, and watching Elon hold back or bite in is going to be a big prediction for the follow-up. Personally, Elon is getting to be more and more of a PR risk, he is upsetting a lot of previous investors that used to love him, while bringing on a new wave of fanatics. As he burns bridges with those, watching the general tone towards Elon change will be important. While Tesla may be one of the most important companies for the future of Humanity at this juncture, and it's sibling-relationship with SpaceX is huge, never underestimate mob mentality.
ARK buying in: ARK makes it known when and what they buy every day, keeping an eye on this is a great way to look for some undervalued investments, but ARK rarely does quick trades, so don't look to day-trade following ARK. Furthermore, I have spent a significant amount of time analyzing days when ARK buys, and it doesn't look like they ever cause a massive shift in momentum the period of their buys. This is a mix of choosing high volume days, being a low volume buy and ultimately, risk mitigation.
Shorts Covering: A massive short volume, some big put aggregates and tightly held shares could mean one covering could lead to dramatic price increases followed by a chain reaction of shorts covering.
Margin Calls: This is currently happening, how Tesla reacts to this will be interesting, but my guess is that anyone getting margin called has some puts on Tesla, so it'll be interesting to see what happens in the near term.
Tesla news: Cybertruck is coming, revamped Model 3, Y, S and X are also on the table. Look for some major advancement in the redesign that could be a good catalyst. Elon is pushing the Texan Tesla-Town and is pushing for advanced precision in fabrications. Both of these could be big.
Autopilot: Elon keeps opening his mouth and Tesla keeps correcting it. Looking for a major pivot moment for either is going to be big. If autopilot is <2 years away like Elon suggests, big, if it is >5 years away, oof.
Biden's Stimulus and Environmental Package: Look out for big tax credits or spending increases to EV cars that might get Tesla some more headwind. It was the carbon tax credits that kept Tesla afloat and liquid originally, any more advances or decreases would have large implications for them.
Disclaimer
This is purely for an educational retrospective and has literally 0 implications for future price. Furthermore, ARK and Burry are only small components of the total price action. While both have followers enough to amplify movements, there are larger economic forces than either. Hopefully there is some insight in here for everyone. If you have any questions regarding this post, Tesla price action or anything at all that might be relevant, please feel free to leave a comment.
Thanks!
BFLY HITTING SUPPORT - $20 PRICE TARGETBFLY - Current Price $ 10.23 Price Target (short-term) $12.50 Long Term $20
This company created an Ultra sound that is hand held and can give you the same images and accuracy as the ones in use in the USA. The best part about the innovation is the cost reduction. These cost under 3k while most ultra sounds cost a million +. This innovative tech will be used to bring this technology to poorer developing countries. Just reported $0.57 EPS last quarter on an annual basis that would be a PE of 4.5x which is cheap given the growth prospects for this company. Looks great on the chart as we are seeing a double bottom off that $9.80 level. Long shares and calls here.
The best performer Stock in the last decade surrendered to BEARSIn January 2021 at 900 usd dollars, Tesla was the best performer of the last decade in companies with meaningful market cap. Today it crossed below the 200EMA, Officially entered Bearish trend! However, I talked about it in mid-February!
I will not be surprised if people through eggs and tomatoes on ARK invest window these days..!
Cathie Woods has no answer for those who fooled by her social media propaganda, especially no-brainer YouTubers who just regurgitate her words..!
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..!
What's next for DKNG? Part 1What's next for DKNG? I'll be providing two other posts, please make sure you check those out as well after reading this. There's a lot of juice behind this stock right now.
As you can see from the chart, DKNG had a clear breakthrough below the 200 day SMA. This line of support had massive volume (VPVR) at the 51 level, the 200 day SMA line at 51, as well as massive psychological support at the 50. All broken through yesterday. Right now, the play is to find the bottom, but where is it? Are we too soon?
For the retail bros, it looks like all is lost, and this shit is going to zero. But... check out RSI and my follow up post.