ARKK trade ideas
ARK Innovation ETF — $ARKK top holding by % $TSLAARKK
Top holding by weight percentage as of 02/03/2020
11.72% TESLA INC
Pulling away from a 2 year sideway range
Average Directional Index (ADX) bullish cross (weekly)
First target $64.70
ark-funds.com
Long
ARRK Innovation wins with strong trading, not technicalsThat indicates the trading of the fund has been superior. The concept of ARKK remains solid, however, investors should know that risk emanates also from trading skill of management. As the fund grows, trading for Wood will become harder. This is a satellite fund opporunity until the fund gets "too big." What is too big? Typically when the assets under management get to be about equal to the average net market cap of stocks traded. That is, if the average market cap of stocks owned is $10 billion, then the fund can likely trade effectively until it has around $10 billion under management. This rule is not firm, it is fudgey, but generally about right.
ARKK - Trend UPAMEX:ARKK Indicators show a Stochastic Overbought Reversal (sell) for the coming 2 days,
But a stable upward trend for the long term (bullish) for the Intermediate timeframe.
Disclaimer: i'm not a pro, this is not investment advice. Do not make investment decisions based off my Internet comments or ideas.
DT TEST 1I will be running a series of tests that will enable me to determine the probability of success of specific strategies. I will even test strategies that I feel may not work. My goal is to test various patterns that many think are profitable. I will then apply the results to my own trading.
ARKK watch ARKK over the next week. a break below $44.98 would be bearish and could reach a low of $38.30.
