Cathiewood
#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)
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Long Term Investors, check #ARKX or #BLOK instead!
#CathieWood
#ARKKInvest
#VCCB
Palantir [PLTR] time to accumulate more sharesAs the 10 year Treasury Yield continues to climb, Palantir is staying relatively stable. Not much price movement unless huge institutional investors continue to buy such as Cathie Woods or Palantir makes a new contracts with other bigger companies or government agencies as such. Till then will wait for PLTR earnings report which will be May. Till then Prices will stay relatively stable . Will continue to monitor PLTR progress as PLTR will make a huge disruption in the TECH industry.
ARKK breakout imminent?The ETF that sets the growth stock path
It looks like ARKK has completed an ABC correction here and has found support at the 200 EMA, hovering above the 200 SMA, as well as a uptrend line that has acted as support for the Sept and Nov lows.
I think ARKK is a good buy at these prices. It may fall a little more as stoch RSI has a little bit of room, and could bring it down to the 200 SMA around 105-106.
Mama Cathie's flagship ETF looks like a great buy at these prices and technical levels. If you follow her 5 year time horizon, then these levels are a pretty tempting spot to load up for long term growth portfolios.
Buy 111 - 106
Cut loss below 105/loss of 200 SMA
PT = 180+
Strong Support for Cathie Wood's $ARKK (and $TSLA?)A trend line drawn from the pre-pandemic crash high in early 2020 to the current price point gives us a trend line that has acted as support as many as 10 times since July 2020 without failure. This would suggest we are currently sitting on a strong floor and should bounce higher from here. That would be quite bullish for $ARKK and probably its largest holdings, $TSLA $SQ $TDOC and $ROKU.
ARKK - $93 target?Look -- up in the sky!
Is it a crash? Is it a correction? No, it's a sale!
ARKK is at a critical support on the daily chart (right at the 200 MA on daily). But before I re enter, I like to zoom out and take a weekly chart view -- which is what I am presenting.
The weekly chart shows that ARKK rallied upward too quickly for it's own good (we all love the Cathie train). While the daily chart is at the 200MA the weekly is not even close to the 50 MA!
My strategy
I'm waiting for a pullback to around $93 for an initial entry (75% of what I'm willing to invest in this). If the weakness continues, I will dollar cost average at around $75 -- however, at present I don't feel we will see the $75 price point. But we have a whole 2021 left, so I can wait.
NOTE: For me I will not be looking to swing trade ArkK, and am okay if this ship sails before I get a chance to hop on, so please plan your strategy accordingly. My outlook for ARKK currently is 12-24 months if I get the orders filled at my targeted prices. My 2022 price target for ARKK is $195-215 which will be 2x ROI.
Let me know if you're actively in ARK ETFs and what are some of your targets.
Good luck!
DDD 3D Systems Inc Upside PotentialEvery night, Cathie Wood’s Ark Investment Management sends out an email listing the stocks that were bought or sold by the firm's ETFs that day.
3D Systems Corp (NYSE: DDD): Bought 558,900 shares of the printing engineering company, representing about 0.46% of the ETF. (benzinga.com)
From a technical analysis perspective, DDD 3D Systems retraced at 0.618 Fibonacci level and was also a bit oversold as you can see on that wicks down. Now the stocks is bouncing in the accumulation area. It`s not late to enter in my opinion.
If you are also interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
What can we see on ARKK?Today, we will post a quick view of ARKK
-The main bullish structure is the ascending trendline coming from MARCH 2020
-After a 33% sell-off from the ATH levels, we saw support on the ascending trendline
-From a more close perspective, the descending trendline of the sell-off has been broken, and now we are observing a corrective structure making a throwback to the broken line
-Based on that, if the price reaches the green line, we will consider that the analysis is active, and we expect bullish movements towards the next 2 levels.
-Of course, we can't be sure if this will be a short term bullish movement with a quick end or the beginning of a new bullish impulse that makes New ATH
Thanks for reading!
ARKK: four scenarios from hereARKK is selling off harder than the market this week. It's being attributed to liquidity issues and fund outflows. But technically speaking, the issue is that the ETF is simply correcting back into longer-term channels.
Where to go from here? In the past few years, ARKK has rallied well when the RSI(7) exits oversold conditions the second time in a row. And it has seen bounces off levels on the first instance of being oversold on the RSI(7).
RSI(7) is presently oversold. Look for a bounce in the next few sessions, and then a retrace. Plan to get aggressively long same session to a few sessions after that occurrence, when it will exit oversold conditions for the second time.
Bearish and Bullish movements of ARKKWhat is ARKK?
ARKK is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund's investment theme of disruptive innovation.
Who Runs it?
Catherine D. Wood (born c. 1955) is the founder, CEO, and CIO of ARK Investment Management LLC (Ark Invest), an investment management firm that managed the largest actively-managed exchange-traded fund in 2020. Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler.
What about the performances?
On this chart, you can see that the overall return of ARKK is outstanding since inception reached a peak of almost 700% in 5 years. The idea of this post is to understand how impulses and corrections happen and the % we can see on each of them.
Since its inception, ARKK has had 3 impulses and 3 corrections. We will consider a correction as a 30% drawdown or higher. Why is this relevant? Because if we are interested in a good situation for buying ARKK, we should ask the question about selling periods and subsequent impulses.
Currently, ARKK is dropping 27%, and the next support zone is at 89.77. If the price reaches that level (that would mean that the market corrects (all of it)), we would be on a 44% Drawdown. From there, we would start thinking about how we can create bullish setups if the conditions are appropriate, and we would never buy a falling knife directly. We want to observe reversal signs before that.
Thanks for reading!
PLTR Entry Under 25$PLTR has been beaten down from its ATH of 45$ which is largely due to the state of a volatile bond/stock market. PLTR is an incredible company that dominates its industry and has also diversified its revenue streams away from government contracts towards the private sector. Famous growth investor Cathie Woods has also been buying the dip heavily on PLTR which signals to me that she believes that it is massively undervalued. PLTR has been trading in the 23$-25$ for the past week showing a possible bottom for it. After the suspension of the shareholder lock up, as well as positive retail investor sentiment, and massive growth potential, I see PLTR retesting its high of 45$ in March, nearly doubling from its current price. This is not financial advice, I am not advocating the buying or selling of PLTR stock.
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.
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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
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
“ARK EFFECT” or Social Media Trading Bubble ???In this chart you see comparison between Tesla and Crisper. You may think comparing an automaker with a medical company is craziness! But you can not deny the the correlation you see in the charts, unless you have severe visual problem!
Question: why should an automaker and a medical company have the same pattern?
Answer: They both were ARK invest favorites!
Notice: ARK has sold most of it’s CRSP shares in the last 2 months and CRSP price slipped -45% in 25 trading days. Will Tesla be the next? I believe it could be, but We have to wait and see..!
Based on this correlation Tesla could sink to 500 or below in March 2021..!
*everything happens in CRSP a little sooner!
For more information read the related analysis..!
Moshkelgosha
Cathie Wood is bullish on BTC! Replacement for bonds?Cathie Wood just stated she thinks $BTC will take the place of the new 60/ 40 (bonds) !!
“You think about the traditional 60/ 40 stock-bond portfolio, but look what’s happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What’s next? We think crypto could be the solution,” said Wood, who’s the founder and CEO of a family of exchange-traded funds based on disruptive technologies.
Read the full article on Marketwatch (Can't post the link here, my reputation is too low)
Even Cathie Wood is bullish on Bitcoin! Replacement for bonds? Cathie Wood just stated she thinks $BTC will take the place of the new 60/40 (bonds) !!
“You think about the traditional 60/40 stock-bond portfolio, but look what’s happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What’s next? We think crypto could be the solution,” said Wood, who’s the founder and CEO of a family of exchange-traded funds based on disruptive technologies.
Read the full article on Marketwatch (Can't post the link here)
please like, I would like to join the chatrooms and need reputation <3
$NNDM $17 Direct Offerings PlayNano Dimension is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME), where its machines serve cross-industry needs by depositing proprietary consumable conductive and dielectric materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers, and electromechanical components to function at an unprecedented performance. ARKQ and ARKW also holds $NNDM in their portfolio, for a 2.17% and 0.80% weight respectively. This put $NNDM in a respectable 18th largest holding in ARKQ and a 53rd minority holding in ARKW as of 02/23/2021.
I believe at the current price that $NNDM is trading at, the share is a steal. $NNDM has a history of registering for multiple direct offerings - Nov 29 to Dec 2 @ $5.00, Dec 6 to Dec 9 @ $6.00, Dec 27 to Dec 30 @ $7.50, Jan 13 to Jan 19 @ $9.50, and Feb 15 to Feb 18 @ $12.80. Throughout the last 5 offerings, this is the first time that the price of $NNDM has dropped below the price offered at the direct offering after the closure of it. This can be attributed to the overall corrective nature of the market over the last 5 to 6 days. I view this as a great buying opportunity for us retail investors and traders as I believe that any price below the last direct offering price of $12.80 is an absolute steal.
I foresee $NNDM recovering very quickly back above $12.80 once the market pullback is over and the FUD goes away. It will resume trading within the bullish channel and subsequently re-test the $17.89 highs.
My target is $17.00. Please set SL based on your own risk tolerance.
This is not investment advice so please do your own due diligence!
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TSLA NOT DONE DROPPINGI've seen this specific move on multiple stocks recently (especially from breakout stocks). I see TSLA potentially moving closer to the 8/1 GANN line. I know it is a very unpopular opinion right now to be short, but please consider reality before you buy and don't try to catch a falling knife... as some of us have recently learned with GME, SNDl, or BB. I also know that Cathie Wood bought today, but this does not mean that you should as well.
$CRSP Trade Review -9.12%The stop-loss that I set for myself for the H&S invalidation play was absolutely obliterated today. We have broken below both the neckline of the head & shoulder and the support of the bullish channel. This puts the level of $84 to $110 absolutely in play.
Unless we are able to break back above the bullish channel and the neckline, the H&S pattern will complete itself. The daily RSI may be in the oversold territory now, but considering the nature of our correcting market, $CRSP earnings miss, ARK not adding to their position, lack of short-term positive catalyst, absence of media exposure, and a high probability bearish price action pattern, there is very little reason for $CRSP to sustain a higher price in the short-term.
As such, the downside risk for $CRSP is extremely huge. I will avoid entering a $CRSP position for the time being as I would like to wait for a re-test of the key levels before confirming a directional bias for a position. If we re-test the bullish channel's support-turn-resistant and H&S neckline but fail to break above either of them, we will likely be heading for the $84 to $110 level to complete the H&S pattern. Otherwise, if $CRSP manage to stay above them, I expect either a consolidation or a push for the resistance of the bullish channel.
This is not investment advice so please do your own due diligence!
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$PLTR $45 Cathie Wood PlayDespite facing both a surprise earnings loss of $0.08 a share compared to positive EPS sentiment of $0.02 on Tuesday, and a lockup expiration on Thursday which freed up 80% of the company's shares, I believe that $PLTR is due for a strong rally as a result of Cathie Wood's involvement through ARKK ETF.
Cathie Wood is a Rockstar stock-picker in today's investment scene with eyes all on her across the globe and a cult-like following among both traders and investors. Her involvement into $PLTR through a purchase of 5,274,000 shares into ARKK ETF, brought Palantir Technologies Inc-A ranking in ARKK ETF up to the 46th largest holding as of 02/19/2021.
This creates an exponentially huge positive sentiment around $PLTR that overshadows the negativity brought about by the earnings loss and lockup expiration. I have no doubt that we will see volume in $PLTR picking up as more money pours into the stock due to this situation. Insiders that have thoughts about selling their holdings will certainly think thrice now as well. I believe that the price range of $24.50 to $26.31 that we saw on the day that Cathie Wood made her $PLTR purchase will now become a demand zone for the stock.
I expect $PLTR to re-enter into the bullish channel, subsequently retesting the channel's resistance line and the ATH.
My target is $45.00. Please set SL based on your own risk tolerance.
This is not investment advice so please do your own due diligence!
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$SPCE BULLISH TREND TEST after seeing a golden cross which indicates a potential "major rally" last April 2020, and a C & H Pattern which indicates a bullish continuation with an expectation of a breakout, which took effect after the consolidation and breaks after ARK Investment Management filed with the SEC to launch a space exploration ETF, follows a rally and a minor pullback is now expected. A bullish trend after hitting the support will be tested on the following days.
not an expert advice. Trade at your own risk.