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ARK Innovation ETF

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ARKK trade ideas

ARKK Short ScenarioGood evening, 1. What am I looking for? - Re-Test of 116$ (possibly Gap fill of 116.75$) with low volume, followed by a high volume drop below the 200s daily moving average - Drop below 111.5-111.3$ area with conviction - Follow-through to 106$ 2. Technical Reasons: - 111.5$ area is strong Support! (0.38 Fibs from March 2020 + 0.78 Fibs from March 2021) - 112.85$ is 200s daily moving average line - Downward volume is increasing; However, LOW volume encountering the 111.5$ area, indicating a potential bounce back! - Broke below Trend-Channel that started March 2021 3. Game Plan: At this point, entering a short position (or puts) would be chasing the move because it went down for 7 consecutive days!! Do not chase it now. I strongly expect a bounce back to re-test the 116$ area at which a gap is to be filled and at which 0.61 Fib resistance is. I want to see low volume at the rip and high volume at the dip back below the 200 daily MA. Then I will enter a position to look for the, then very likely, break of 111.3$ My first profit target will be 106$. Stop-Loss above 200s MA. -> This setup is A+ since a lot of support (200 MA, Short- and Long-Term Fibs, Trend-Channel) is broken if entry-conditions are satisfied! 4. Fundamentals / Macro / Sentiment: - Earnings Season is ending (most important companies already reported) - SPX looks like it is topping out and a correction is due - Negative Sentiment in Meme Sto(n)cks, of which ARKK largely consists Do not chase and wait for confirmation, 7 consecutive red days may be followed by a bounce! Wait for consolidation and attack with conviction after that. I am looking forward to reading your ideas. Thank you.
AMEX:ARKK
by TUCM
2
ARKK possible bearish target is 96,35 What you can't see just yet on a spot Ichimoku chart, you can confirm on these charts where I added slightly modified Kijun Sen lines. Left panel (daily): - Kijun Sen (26 days avg) 4 days from now will move above spot price to 123,41. -> first resistance - I added weekly Kijun, which you see just ticked up to 119,55, but more importantly we already know that the modified weekly Kijun (Kijun sen 4 weeks from now) is up to ard 133! that means 128-133 zone is becoming an extremely hard resistance. - Price action shows a bearish bias, a break and close below 117 in coming days would trigger further stops and selloff. Right Panel (weekly): - Price is below the sport and more below the forward weekly Kijun Sen - Bearish price action, with more warning in form of a haDelta+ bearish cross at zero (interval mid line). - Major support zone and possible retracement target is 95,11 (100 weeks WMA) - 96,35 (Monthly Kijun Sen, 26 months average)
AMEX:ARKKShort
by Kumowizard
Elliott Wave: Triangle Wave B in a Zigzag CorrectionARKK has declined in 5 waves from the top built at 2021/2/16, after bottomed at 2021/3/5, the price trended sideways, and it seems formed a Triangle, therefore I expect there will be further downside to complete a larger degree Zigzag, which will be bottomed at the price range of subwave 2 of (3) since the subwave 1 of (3) appears to be extended But Triangle can be very tricky, therefore an alternate count indicates that the Triangle can be just part of the whole wave B, which means there will be one more leg goes up to complete wave B
AMEX:ARKKShort
by wivanz
2
Apocalypse of ARK investEveryones know ark invest will not perform well unless tesla performs well..! now their biggest ETF, ARKK performance becomes negative again in 2021..! and all their ETFs underperform in comparison to major indexes. congratulation to their management team who manage the ETFs... I warned everyone this bubble is going to burst, when the price was 143, no one listened to me..! How is it possible? Don't you believe it? Check this: be ready for this one!
AMEX:ARKKShort
by Moshkelgosha
14
ARKK, TIME TO BUY?Hello fellow traders and investors, here's another trade idea. ARKK has recently been pulling on back along with the overall Nasdaq and has found a support at the trendline, I think this trade is a great opportunity since ARKK's performance lags the overall Nasdaq recovery. If ARKK makes a recovery to the take profit area it offers around a 25 to 30% ROI. Technicals: The Macd indicates that it's oversold and in an uptrend The Volume shows signs of exhaustion of bearish volume so I'm thinking we will see some bullish volume in the next few days. When To Buy: Now or when it breaks through the key level. When To Sell: I recommend selling in the take profit area. Fundamentals: Arkk is an innovation ETF created by Ark invest. ARKK focuses on doing the investing for you. Their fund owns shares in many companies including TSLA, TDOC, SQ, ROKU, Z, ZM, BIDU, SHOP, SPOT, EXAS and many more. If you believe that those companies will grow well then the ETF will also grow. Rating: 95/100 the technicals are very good and so is their business model and I think this is a great trade opportunity. NOTE: I might buy some shares. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
AMEX:ARKKLong
by UnknownUnicorn11084119
4
my investment strategy for my lifetime I used ARKK not SPY for this post because this is a very "Cathie Wood" investment strategy but it is because I believe her and wanna set myself up for what I think will happen In short I think innovation will push us into a new world or a major currency will collapse and cause us to almost reset I am invested in a lot of bio tech and innovative tech because I think that is really is the future and these companies that don't have earnings have growing revenues and the companies with earnings are beating expectations Either the everything bubble will pop in our lifetime and so much we have worked for will be gone or it will never pop I think we are at a point where it will either happen or it just won't real estate is not a bubble right now in my opinion inflation is a different story because we won't truly know what we have done until the country re-opens short term I think the highest we will get is %3.8 inflation but when the country opens it will either shatter us or it just won't happen a genuine coin flip in my opinion my account is all innovative tech and I'm not shy to say it not saying anyone invested in value is an idiot you clearly aren't but it was a short term trend to adore Cathie and these stocks now it's a short term trend to hate them I think this small cap crash is just gonna be the market sifting through the genuine dog water stocks and only bringing with it the ones that actually offer proof of concept nothing will be safe for this next crash if it is as big as me and other people think it will be if it happens I am clearly banking on inflation and a currency collapse not happening. crashes for other reasons are not out of the question but also don't have the catalyst right now this is my opinion and my bet on it is my account if you wanna call me an idiot don't comment something of hate. buy ARKK, XBI, QQQ leap puts. flat out, when it happens if they bank, then tell me I'm and idiot it's better to be optimistic and wrong than pessimistic and right good luck everyone, I hope it works out for many people
AMEX:ARKKLong
by nah0
4
Where Can the ARKK Fund GoOn the daily, 200SMA acted as very good support that got tested on the last dip. It looks like it can be tested again around $110 or so, but it would be a higher low which is bullish imo. RSI is showing higher lows as well. MACD looking like it can have a slight dip. 20 & 50 SMA act as resistance on any of the other hourly time frames. Double top at $130. Took some sweet profits I had on 5/21 and 6/18 120c and 125c. Short term I'm bearish with a 4/30 115p for big tech earnings. I think I'll get another 115p if there's another green day, if not, my 115p will suffice as I don't want to get overextended. If ARKK drops to $115 or $110, I'll go hard on more long term calls.
AMEX:ARKK
by amfunk