Arkk breakdown has reached target Finally Arkk has reache my expected target of the large symetrical triangle breakdown. We held 64$ well but 60 area was the actual target. Popping back up and now reclaiming 64 as support was a bullish move. I did take a chance and went long ARKK today at 64.05. Longby Erictaylor0
Rolling: ARKK April 14th 80C/103P to May 20th 77P/102.22C... for a .93 credit. Comments: There isn't much extrinsic left in the deep in-the-money short put, so rolling it out to May to collect additional credit and reduce cost basis further. Total credits collected of 25.86 on what is now a 24.22 inverted with a break even of 76.36 relative to where the underlying is currently trading at 65.37. I'll continue to scalp around this position to reduce cost basis further, but have been working it for several cycles already, so it's more about mitigating loss at this point than attempting to make money on the position (although you never know).by NaughtyPines1
2 Years later, ARKK is in the same place. Today I will update my view on ARKK from the previous post I made. I found it super interesting to see how one of the most renowned assets in the post-pandemic era has erased ALL its gains from the beginning of the bear market back in February 2020 until now. From a logarithmic perspective, we can see that the current decline is the deepest one and almost doubled previous declines. Now I would like to go into technical elements and the situation where we may have interesting trading opportunities. I am still paying attention to the internal descending trendline. Trendlines are incredible tools to help you avoid getting into the market at the wrong moment. For example, here, the descending trendline can be interpreted as "Below the trendline, avoid bullish setups. Above the trendline, start thinking in bullish setups." But that's not all; I don't want to see a breakout of the descending trendline only. I want to observe a clear correction with the proportions you can see on the circle. IF that happens, I will trade on a new local high towards the higher zone of the descending channel. If nothing of that happens, because the price keeps falling into the ugliest correction of all, I would stay on the sidelines until the technical elements confirm that we are in a good situation to develop setups. Thanks for reading; feel free to share your view and charts in the comments. by ThinkingAntsOk8812
Buy when others are greedyTesla is a big holding of arkk and now breaking down. But if tesla can hold we might have seen the low. Otherwise look at the next fib level. Longby Nielsagaert0
Nothing left to brag about..!In an interview with Bloomberg, the ARK Invest founder and CEO predicted that her flagship fund would generate 40% annual returns over the next five years, a big jump over her previous target of 15% to 20%.(Fortune) Here I compare her 40% prediction with her previous prediction of 15% compound annual rate of return. In the 40% scenario it will take 3 years to get back on the previous all time high, assuminng it start climbing up right now..! In the 15% scenario it will take 7 years to get back on the previous all time high, assuminng it start climbing up right now..! But we all know it is not finished yet..! But How long ARK investors will stay calm??? I do not think ARK invest could survive 2022..! This is not the prediction of a random guy, this is the prediction of a man who see it is coming at least a year ago: April 29th, 2021: Title: Apocalypse of ARK invest Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Shortby Moshkelgosha3318
ARKKPretty much back to the pre-Covid highs. I don't have a lot of confidence that it will hold. Watching for now.by Essendy0
ARKK - bear market rally soonwait for reveral possibility. do not go long until it started.Longby KholleKhokk4
Weekly / Daily Technical Analysis for ARKK (LONG)AMEX:ARKK After technical analysis I came to the conclusion that it is worthwhile to enter a long position on ARKK What made me think so ?? 1) The ETF itself, investing in innovation is the future 2) Important support line (65 ~ 55) 3) RSI 4) Volume And more * Important resistance line and more: Averages range 20 and 200 Line 103 It all depends on the state of war in Russia and Ukraine but an equally edited report is undoubtedly worthwhileLongby yair_rotnemer662
don't kill the messengerWell. i know that not all the people agree in how Cathie Wood handle the ARK fund investments, sometimes me neither, but i hope that she takes profits when she sale something, the true is that we have a market full of opportunities and i think a group of intelligent people driving ARKK can see the same. We have two options for this fund, going to $20s or bounce at these level. technically there is symmetrical perfect gigantic bull flag that is like an aberration, and i never seen something so perfect, perfect parallel lines 25 degrees each, the flag has a hidden message and maybe it's a bull trap and will end converting in a wedge. at the end the rewards will come like with other market opportunities.Longby AllAboutMoney1
$ARKK ETF AnalysisThe Exchange Traded Fund ARKK is now trading above a key level in the market, which might give us a possible rejection at 61.18 below this key level is an attractive buying zone according to previous year price action after the COVID-19 crash consider this as a long term investment especially while buying this dip but wait for a bottom confirmation pattern (double bottom, wicks rejection at demand level, triple bottom...)by TopGBanks1
I think ARKK might have finally bottomed for now. Been a big bear for a long time on pretty much everything ARKK is involved with but exited a lot of these positions at their respective profit targets or by trailing stop where the downtrend has lost momentum. I think ARKK may be set for a bounce now. Possible butterfly low. Longby holeyprofit2
ARKKHoping for a bounce here on ARKK around 54-60$ This thing is heavily oversold. ROKU is a POS and likely will continue towards 90$.Shortby tslatrades0
ArkkFell from rising wedge hit my first target area 64.40 ish. Previous low. Could get a bounce here as a relif as high as 71$. But it may not even reach that area..it’s def bearish but I’d expect bulls to take some control. I closed a lot of my SARK for now but will buy the next potential loss of this ARKk 64 area by Erictaylor112
Opening: ARKK April 14th 50 Short Put... for a 1.47 credit. Comments: Adding to my ARKK position on weakness. Total credits collected of 24.93 with a 78.07 break even relative to where it's currently trading at 66.92. (Ugh). This also wouldn't be bad as a standalone trade, with rank/implied at 78/72, paying 1.47 on buying power of 5.12 (28.7% ROC at max).Longby NaughtyPines2
ARKK $38-$50 targetHow low can it go? Low. ARKK is in deep bear market territory. It could see possible bear market rallies but overall on weekly/daily basis the trend is down. FED hasn’t even started rate hikes or tightening and etf is already down over 50% off it’s ATH. I am expecting at least $38-$50 to be reached (pre covid trading range), and most likely eventually even lower. Main drivers being compressed multiples, low liquidity which will spiral prices lower once etf redemption start taking place, future growth projections will also come down. I actually wonder if this fund will be even investable eventually or if could be just closed. Cathie on CNBC sounds like she is crazy, idk if it’s just an act or if she is actually losing it. She is boxed into the corner. She is not in the position to change her strategy. She can’t just say “well, we are expecting prices to come down significantly so we will exit most positions for a year or two and park $$ in cash or appl, etc. once financial condition start to look up we will re-enter our holdings”. I’m not even going into quality if some of her holdings. Shortby Otradehouse1
Buy low sell highA trader buys low and sells high. Usually with volatile stocks like these that will mean buy when sentiment is worse vice versa. If rsi goes under 30 you buy, over 70 you can start to unload because this stock tends take some time to form a top.by Nielsagaert2
Arkk As I said this was setting up for another short. We did get a pop up to 75 area but ultimately ended up in another shorting opportunity. Losing 70$ is a big deal but we saw another breakdown. Ultimately 60-64$ is the next range below if we turn 72-70 into resiatnce. Meanwhile my SARK is seeing a nice push up and I have been loading up on that in the 44-45 range. by Erictaylor0
Hammered down to 69 Position 3 times over 3 weeksI expect some bounce here, or a steep drop, but some action coming. With all the negative news and 69 tested 3 times, I am biased for upside.Longby Arete-HI0
Dont Short ARK, Buy SARK..!I believe It would be better to Buy SARK instead of Shorting ARKK..! Why? Look at ARKK biggest bets: TSLA: COIN: ARKK average cost 284 USD/Share HOOD: ARKK average cost 30 USD/Share PLTR: ARKK average cost 24 USD/Share RBLX: ARKK average cost 84 USD/Share I don't know when they want to start their active management??? They just keep buying, the problem is they don't have any money and they just sell tesla and buy others..! The difference between tesla and their other investments is, Teslaraties believe in Elon Musk and it is a religion for them..! Looking at my post published on FEB 14th, 2022: About Tuttle Capital Short Innovation ETF The investment seeks to provide investment results that are approximately the inverse of, before fees and expenses, the price and yield performance of the ARK Innovation ETF (the “ETF”). The fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single day, not for any other period, by entering into a swap agreement on the ETF. Entry: 42.5-45.5 Stop loss: close below 41 Reward/Risk: depends on entry and target Target range: short term 53 midterm 63 Time Frame: 2-6 wks Possible gain: 20-42% Possible loss:10% Position size: 5 % of trading capital You can see the most important support(green line) and resistance (red line) levels. Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Shortby Moshkelgosha5523
Wedge ConsolidationARKK forming a wedge base above pre-pandemic highs. Could break either way, but think it goes to the upside towards $89 resistance. RSI has already broken the downtrend and the extremely high volume typically markets capitulation. ARKK topped in Feb 2021 and went down 60% from ATHs. Growth stocks have been in a bear market for about a year, which is the same amount of time it took the 2008 bear market to bottom. Be greedy when others are fearful.Longby ZenTradesRW4
ARKK Daily BullisH Crab Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL BUYLongby PriceActionTradervsa0
ARKK To Leak LowerIn this update we review the recent price action in ARKK and identify the next high probability trading opportunity and price objectives to target0by Tickmill2
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! by ThinkingAntsOk559