Arkk double bottom?Ark invest ETFs look to be coming back.
Double bottom can be seen on $ARKK and $ARKG.
ARKK trade ideas
#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
- ARKK - Back to Back We should start to see this return to its normal upward momentum very soon.
Grade A BUY zones for any trader.
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Double Bottom ( W ) I think the chart will tell you all but, Will also adding some tips here ,
We got double bottom ( W ) on ARKK, that's means a uptrend channel to us, Which we can get our targets & res-lines by Fibonacci. Also will add that ARKK is depended on TSLA, ROKU, TDOQ & SQ. So if these stocks moves up then definitely we can see a huge movement from ARKK.
Sideways to slight downtrend Trading sideways trend with a slight short-term bearish. Broke out of the descending triangle after a bounce near the weekly support. Watching for price action to come down and establish a base near key s/r for accumulation.
Not financial advice
ARKK: New Short SetupARKK has once again bounced off the 200 Day EMA and appears headed towards a retest of the 21 Day EMA. Nevertheless, volume-based indicators remain weak, so a re-short from around 120 could be an excellent play with a target of 93 hopefully this time.
$ARKK By request $ARKK missed the bat entry, how to catch pullbacks at 618%, ARKK is into tp1 of its bat it should sell a bit off to retest 618 i labeled, lets see
ARKKThe top resistance and lower bolling bands the distance between each other are getting smaller. Im more bullish that ARKK will be able to breakthrough that top resistance line.
Also other bullish signs: RSI trend, MACD
ARKK rebounded before hitting key level amid possible tax hikeARKK is one of the hot actively managed ETF. After 33% drop from its recent high, it's re-approaching key level of 105.25.
There are two possible scenarios:
1. What I hope for: Price completes consolidation and head up again.
2. What it might be: Price seeks support at key level before making decision of which way to go!
From the structure formed and MA, the 2nd scenario is likely. That means, ARKK is a bit weak and no need to rush to buy long.
It's not a trade plan, instead I suggest setting alert at 105.25 and watch.
As I noted that market is less impacted by US 10Y yield. NQ and the Treasury were both in the red. I guess, the corporate tax hike started to play which is in line with what I mentioned previously, refocus on the corporate earnings. That tax hike will harm the earnings and market started to price in the factor.
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+
ARKK Tested Support 3X and Holding. Feeling Bullish Feeling like ARKK has dropped muliple times and found support.
Tested that support level 3X times and held.
If we fall below that 107-109 range than we are in trouble but I don't see the situation going that way. Fingers crossed.
Feeling Bullish now.
Two Bears Walk into An ArkArk bull channel at risk, price needs to hold the orange meridian, otherwise bear channel confirmed. Further, price needs to hold above $100 to stay out of the steep correction channel. Watching outflows on this one with particular interest.
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.
I don't want to come back down from this cloud...Selling pressure looks a *little* exhausted when looking at the RSI, but still not a strong enough indication.
Looking at the volume bars, the last 3 days have seen above average volume in the red. Monday + Tuesday will tell us if the Bulls enter and have above average volume -- if not, risk is still on. I expect Monday to show price recovery (just seeing the last 12 days volume movement) but selling pressure back on Tuesday / Wednesday unless we have a catalyst.
Fundamentals :
A LOT of ArkK's investments are forming a Head & Shoulder pattern (linking up my SQ analysis from a week ago below as example). While ARKK's trading is dynamic, the general sentiment around stocks in their portfolio is "overvalued" - even after the correction nasdaq has had. A lot are still holding the neckline on their pattern, if this breaks, we have a great entry in many of those stocks.
Is it the end?
If you're a long term investor, this shouldn't matter, as painful as it may be to see ARKK possibly hit as low as $60 if market goes crazy in 2021. For swings, I see a fair bit of risk still in place, and am keeping my buying target at $93-95 for an initial entry. Some how I don't see ARKK going below the $90 mark just yet. By May / June earnings, I'm hoping enough positive news will keep ARKK's winners up. Meanwhile, I am **still** bullish on a good April, although I am prepared for a choppy year overall.
Keep taking profits where you can.
Good luck!
Previous ARKK analysis
Previous SQ analysis
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!
arkk to 9123211 by 2022?Kids. This is amazing. Don’t mind the bubble price. It’s not going to come down. Borrow your moms atm card and go empty out her account. Tesla going to 20k and arkk will be 18k by summer.
