ARK funds - Could we see the light at the end of tunnel ? Hello Traders and (and maybe Tech/ Value / Longterm Investors ?),
ARK funds took BIG hit last year and sell-offs continue. (Panic and uncertainty at the market, raising Inflation and Interest rates, ... War or Pandemy, what could be worse ? WW3 ? ).
So are the ARK funds Investable ? I believe so... but under some conditions.
1) Most stocks were simply overvalued and still not profitable. (Growth stocks investing in the future potential).
2) Most stocks are good picks and can be found also in funds of many other famous investors).
3) You need to believe there are some technologies which will shape future world same like do companies like APPLE, Facebook, Amazin or other giants today. Because many of todays giants are going to do bad decisions (or simply don´t pay attention) and lose their stake of market.
4) Investing in the ETF which is diversified into 30+ Stocks is some king of protection against stockpicking.Entire ARK strategy is based on statistics = some companies will be loosers, BUT some will WIN BIG.
To setup some good investing strategy we should find place whereRisk:Reward ratio is best.
- If you look at the chart of individual stocks in this ETF most of them are finding lower lows and creating simple / double RSI convergencies.
- P/E ratios could be still high (above 20), but check history of Walmart´s or Amazon´s P/E.
- Nearest support level is Pre-pandemic zone of 40-60 USD.
In my opinion, we are forming last wave (v) of C corrective wave. Using Fibonachi extension of Wave A, ost probable zone for GOOD buy opportunity is around 62.9 USD (1.414 Extension).
(= -16% from current level)
BEST opportunity will be if the price drops to 49-40 USD zone (Maybe some sharp wick to gather stop-losses).
(= - 30% from current level)
Risks:
- US Dollar currency index seems to form triangel on 1W Timeframe. if we reach to top line and turn around, it will mean positive outlook for speculative High growth companies and Crypto market.
- World War 3 (small chance, But in that case the stock market really doesn´t matter for few years);
- Very high inflation (than you really wanna be invested in something with huge growth).
Recommendation:
- DO YOUR HOMEWORK and check all the companies in the ARK fund which you would like to buy to be sure it rezonate with U. also check "Scottish Mortgage Investment TRUST" (Ticker:SMT) which I personally like. They came first with Tesla investment thesis and benefitted most. ;)
Long-term
LUCID Long scenarioIt looks like LUCID is about to finish it's full Elliot Wave movement and the correction reached 0.886 FIb retracement level. I am considering this as a good opportunity to take a long position and target the previous All Time High.
Risk to reward ratio is almost 1 to 3.5
Good luck everyone :)
300% profit on the weekly chartWill this candlestick close here on the weekly?
we will find out today
if it does close here I will be in this position for the long to collect close to 300% profit
looks good and like a good bet based on the tech behind this project
renproject.io
check it out!!!
goal for me is the top trend line but I think its possible to squeeze out $2 on this trade.
KnowBe4 is told to retrace 50%!Market is finishing flag pattern we are waiting for a retracement back to 50% fib zone at least.
Aroon: It already shows on a daily timeframe a loss of bearish momentum because it's bouncing off of a support, that's shows reverse to a bullish direction
MACD: Shows gain in a bullish momentum, it is slower to catch up so we can already entry.
Bollinger band: we already jumped off of a bottom of Bollinger band and retraced we should see rise in price.
Fundamental analysis: According to Goldman Sachs KnowBe4 is one of the beaten down stocks that may retrace 50% other two stocks already shown gain unlike this one, so we have a potential rise in price.
Also Essex gives gives this stock a buy rating and 32$ price target until the next year.
Invalidation: 16.46
Entry: 19
Target: 23.90
BSY BULLISH POTENTIALMarket just finished complete Elliot wave 1-5 with an ABC correction, we are back at the buy zone, which market created with an institutional candle back when in it's beginning.
Aroon: Orange line crossed the blue one in the daily time frame which already shows that we are heading bullish direction.
MACD: Shows gain in the Bullish momentum we need to wait for it to cross upwards with a signal line on a daily timeframe.
Bollinger bands: We already bounced from the bottom Bollinger band which indicates we are heading bullish.
We should retrace all the way back to 50% fib zone, but we have a strong resistance just below it, taking that resistance as our target is a lot safer.
Entry 37
Invalidation 30.59
Target 50.21
Ratio 1:4
APple shows signs of moving upTechnical analysis: Market just broke the uptrend but is still fighting with a support, we are looking for it to break a flag upwards since it is a 4 point of an Elliot wave, and we retraced to 61.8 percent fib zone, so we are looking for it to finish full Elliot wave 1-5 which should end above the third point of Elliot wave, but it is safe Target to take first profits on a same level as a third point of the Elliot wave. And the second Target at the top of an uptrend.
Aroon: Since we are fighting a resistance Aroon is showing gain in a bullish momentum once orange line crosses blue one we are good for an entry
MACD: MACD is slow to catch up on a daily chart it still shows gain in a bearish momentum, but in lower time frames we are already gaining bullish momentum.
Bollinger bands: we just bounced of a bottom Bollinger band which shows we should move bullish direction.
Fundamental analysis: According to CNBC in a past 14 hours we received good news which will help with a bullish momentum.
Gene Munster breaks down Apple’s latest product launch and the bigger tech landscape. The launch of a new products should increase Apple stock price and a bigger landscape should give us more long term opportunities.
Apple’s $429 iPhone SE is one of its cheapest phones ever. Apple's phones becoming one of the cheapest will increase sales. Which should increase Apple stock price.
Invalidation: 145.76
Entry for a better Risk reward ratio: 158
Safe entry: 165
Target 1: 180.52
Target 2: 203.72
BAC Mid-Long Term Entry Play (Positions & Options)Technical Related:
- Double Top on BAC (already hit)
- Hit resistance level (around $38.25)
- MACD dipped extremely under half-line (more room for volatility)
- No further bearish technical indications
News Related:
- War between Ukraine & Russia heating up (bearish)
- Bank of America's financials are good + getting better (bullish)
- Buy rating given from analysts
- 1-yr price target: $51.57
- EPS Estimate: 3.26
The Play:
- Long-term position entries
- Long-term option entries?
- Mid-term option entries
*Please critique me on anything as I am new to charting :)
long GOLDGiven the fundamentals, with the current geopolitical situation, we are looking at continuation of the uptrend of the precious metal.
As we can see on our weekly chart, at the breakout of the 1,375 level, after a contraction period, GOLD extended to all time high with a 50% gain.
This is what we are expecting with the current setup, for a medium term trade, where we look at extending up to the new all time high at 3,000$ per once. Our SL will be just below 1,660, in correspondence of the lower part of the channel. A great 3.2 RR on this medium term trade
Shib Big Pump is the ROI on PatienceGood things come to those who wait. All long term shib holders have their fingers crossed and their bags filled. Their patience will be paid off handsomely in due time.
Crypto winter is upon us and has been since turn of the new year. Expect prices to heat up like the weather in the coming months.
For those who are bag holding, continue the good fight… for those who have DCA down, expect to be in profits within 8 weeks. Many have learned through the rise and fall of shib to take profits so don’t expect the next ride up to be as exponential on the daily chart due to cautious traders taking reasonable profits at strong Fib levels.
This is my first published chart and is a result of my insomnia. Any feedback or suggestions is welcomed :)
MANA - Long Term / Outlook ⚪️Let's see how MANA is behaving.
This is a 1D chart. (Long Term)
Red area:
Key resistance, which
has been controlling the price since Nov 2021.
Blue area:
Consolidation channel
Price has been moving sideways inside this
channel and confirmed it as our safe
price range.
Green area:
Essential support
has been confirmed and tested.
Be careful because this level is being tested
again, and the market isn't strong
enough.
We might see it break down.
Support levels: $2.1879
Resistance Area: $3.5430
Bollinger Bands can work as support and resistance too. Here is an example:
The market is showing STRONG SELL volumes for MANA.
Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.
The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that MANA is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $2.5565
Let me know your ideas.
Good luck.
AUDJPY Gives a bullish indicationTechnical analysis on the pair AUDJPY
If we look at the H1 or one-hour timeframe, it can be seen that the AUDJP has penetrated the strong resistance area at the price of 83,839. This indicates that AUDJPY will continue its rise until it reaches the highest resistance are ever reached on Oct 21, 2021, but we need to analyze all of that fundamentally and keep an eye on the news.
Thank you.
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DISCLAIMER:
Trading activity is a risky activity, good trading is trading that is done independently.
FB BLOCKS RUSSIA OPPORTUNITY FOR LONGFB Blocking Russia dropped down FB stock down because of customer loss since the ban of It fully finished main Elliot wave (1-5) and reached complete Elliot wave fib zone of 50% and strong monthly support, it bounced off of it on a daily chart and now we are looking for a retracement to at least 50% fib zone of a downwards movement which is at 260 zone, our stop loss should be just below monthly support because if it breaks it, FB will break out of the monthly uptrend stop loss zone 171, entry price: 203. Also regarding fundamental analysis after banning Russia, people that are supporting Ukraine will support FB decision and it should increase the possibility of price rising.