SARKShort ARKK interests me a lot actually here for a re-test of at least 45$.
Pulling back into the anchored vWAP cloud now.
Cathiewoods
Has Cathie Woods Spoke to God? Hop on the ARKK before the Flood!With J Pow ruling out 75bps for the next hike, we are priced in. This dead cat gonna bounce hard. Look to sell at 21 week ema as bull market support becomes resistance.
Return to normalI feel like in a few years from now this could go up from where we are now. Nobody believes in cathie wood anymore but genomics is the future. But this got way ahead of itself. I don't expect this to moon anytime soon also
Bitcoin - PRICE DISCOVERY - BTCPERP/USDT it aint much...buts its honest work. Chart Art.
in univeristy someone asked me to join the debate team but somene talked me out of it.
like most canadians i like to go clubing, but only if there's no seals around. (ima not canadian)
i love blind dates cuz you can star at there.... So what we have here is the CLASSIC "just see something and draw it pattern"
better know as the 'gut indicator' ( you can find it in the indicator section as "JB's Bidet" - 15,951 users)
as you can see here on the 30 min chart..it could go down and break this BEARISH rising wedge formation.
PRICE DISCOVERY? are we approaching? imaybe. if not could see around58,000 then 56ish.
are the ALL-TIME-HIGHS soon to come?
and if so, how long will it stay there?
ARK Innovation ETF Fund Can Breakout To The UpsideTraders, There is a lot of media ta the moment talking about Cathie Wood's ARKK ETF reportedly seeing record short interest as investors turn against the fund. However if you look at the charts, they tell you a little different story. In fact of the short positions story is correct, we might see a short squeeze.
The price is right at the breakout point and from this level, it can move to much levels in the fcp zone. So watch the current levels and look for indications on the chart.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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PLTR - 2 scenarios, 1 likely There are two scenarios as the trend lines show.
White lines suggest the bearish path. The yellow trendlines suggest the continuity of price moving upwards and forwards. In my opinion, the retail investors have already reacted to the news of CW selling PLTR stocks and as such we have reached the bottom already. Sellers have hence exhausted their potential. Bulls should take control and move the price up (just look at the yellow trendlines).
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-- For educational purposes only. Do your own research before making investment decisions.
ARKK ETF Big gains in coming monthsARKK ETF is a growth ETF created by Cathie Woods that has grown around 500% since its release in 2015. ARKK ETF stocks are a conglomerate of growth stocks that are identified by the analysts at ARK, the stocks are carefully picked out depending on their ability to produce profits. Since ARK holds a diverse portfolio in a wide range of stocks, it usually follows in the market in terms of price action, if the market is bullish, ARK will most likely be bullish, and vice versa.
I have put together a range of indicators and drawing tools that could help us analyse and even predict the future price movement of the ETF. Using the weekly chart, it is shown that the most recent candlestick has slightly bounced off the 50 MA, which gives us a bullish sentiment on the future price of this asset. P.S note that the most recent candlestick still has 3 days of price action as of the 11th of May, 2021. This means that a lot could change in the candlestick before it is completed.
The next indicator is the Relative Strength Index or the RSI, it is an indicator that helps identify whether the stock is overbought or oversold, this can help determine if a stock is bound to fall or rise in price in the future. We can spot that the RSI indicator is nearing the oversold point meaning that the price could soon start to increase.
The Ichimoku Cloud indicator is still showing a bullish trend and has slightly slowed ever since the price of the ETF dropped remarkably by about half its value at peak.
The asset as of May 11th 2021 is trading at $106.09 per share, the intrinsic value of this asset is said to be $97.6, this means that it is still overpriced and we could see a slight decrease under the line of intrinsic value, which could be a strategic and smart buy point.
There are many more indicators that I have not discussed, but the range of Indicators that I picked from are wide enough to give the reader a good insight of how this asset will trade in the future. Like the post and follow me if you have enjoyed this analysis, much more coming soon.
TraderTH
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
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.
