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ARKK trade ideas

Is the bearish trend finished? ARKK.Today I will share my view on Cathie Wood's ETF and the pending setup I have. * The main structure of the current situation is the yellow descending channel , where we have been observing several contacts there. * The confirmation for me to start thinking about bullish opportunities happened when the inner descending channel was broken. * After that, I decided to wait for 4 days of corrective movement (which had already happened) and define activation levels on a new high. (green horizontal line) * The invalidation level or stop loss for this situation, if the price reaches my activation level, is 62.00. I will consider that my view was wrong; therefore, I close my position on a 1% loss. *If the previous scenario is true, I will make a re-entry on a new local high, following the same concept as before. *I'm doing this because I think the upside potential is really good ( target on the end of the green arrow ), which provides a risk to reward ratio of around 4.5. That's why I have a re-entry plan; even if I'm stopped out 3 times until I can catch the real movement, the setup would still be profitable. Thanks for reading; feel free to share your view and comments on the chart.
AMEX:ARKKLong
by ThinkingAntsOk
1
ARKK: V-Shaped Recovery OTW?When taking a glance at Ark's Innovation ETF, multiple indicators are signaling a potential bottom at these prices. 1.) On the weekly logarithmic chart, ARKK touched long-term support on March 14th @ ~ $55 and quickly bounced back to its 0.618 fib level. 2.) Since November 2021, ARKK has remained in a harsh downward channel and is finally showing signs of a possible break. 3.) When observing the MACD on the weekly chart, we see that it has printed a new bottom while the price makes a higher low on a 5-year basis. Given the right conditions, this is signaling bullish divergence and could result in a face-ripping move to the upside. For all of the reasons above, I believe ARKK has the possibility of breaking its 5-month downtrend and returning to the next significant resistance fib level @ $96. NFA, just my own opinion based on personal research.
AMEX:ARKKLong
by ClargyInvesting
ARK Innovations ETF (ARKK) .... on solider ground ?Everyone knows the background and philosophy of ARK Innovations Looks like a short term bottom (2hr basis) has been put in and a Harmonic Bat pattern is developing. Target is the PRZ (Price Reversal Zone) in the $85/86 area. Need to take out the XB trend line and then the B point for more assurance. As always do your own due diligence, respect the overall market conditions and sentiment and be nibble. Not investment advice S
AMEX:ARKKLong
by Steve666
JICPT| ARK seeking to go up with supply zone ahead to conquer! Hello everyone. After tumbling approximately 70% from the high created Feb. of last year, now the chart of ARK started to get my attention. On the daily, the red downtrend line looks to be violated. The nearest supply zone is $68 to $72, which it has to be conquered to establish momentum to the upside. So, I'm neutral until the zone being penetrated through. Price is likely to go sideways with the bottom boundary around $52 to $55 . I will pay close attention to zone if it revisit and retest the zone.
AMEX:ARKK
by JICPT
ARK Projection - 24 monthsJust a simple projection of what I think we could see in ARKK come march of 2024. The quickest this ETF doubled was in 3 months. The quickest this ETF quintupled was, 11 months.. I think the possibility of this ETF tripling from massively below average valuations (bottom 2stdv and 3stdv) on price to sales ratio basis (and many more valuation metrics), along with the growth rate of around 50 to 60% cagr (revenues) for these companies, we should be multiply this group of stocks at a revenue twice from what it is today, with a valuation about 50 to 100% higher from where it is today.
AMEX:ARKKLong
by cpass94
ARKK nearing it's last line of supportIf it breaks this line in the next couple weeks, it could spell the end of any potential fast recovery of the ARKs and could take almost a decade to even return to these current prices. Also would mean to me that the overall market will be going into a depression, so you won't have much fun in BTC, NDX or SPY either. There is still a possibility of a V recovery like the last 2 times, so that is something to watch for, but I'm finding it hard to believe now, the recovery pattern just looks strange to me. However, a couple bullish indicators are that the volume has peaked since Jan and the RSI is intensely oversold.
AMEX:ARKK
by Lynxys
Does ARKK have further down to go?It certainly seems the bubble has popped in ARKK, but is the bottom in or is there still further downside? We are entering a major area of support so should expect a bounce. The structure has many similarities to the 2000 bubble with the brief consolidation after the top was in followed by a extremely sharp leg down followed by some bounces and further moves lower. Or is the downside mostly done and we should expect a strong bounce and test above $100?
AMEX:ARKK
by Yogigolf
A False trend and how you should trade it..!Most of Cathie Wood's followers were playing in the kindergarten or elementary school playground when she underperform the market in 2008. According to Alliance Bernstein documents, she had -46.72% net return and -45.12% pure gross return in 2008..! Interestingly, Positive alpha over every annualized time period (10-year alpha: 2.4%) Cathie Wood on her way to break the record of 2008: ARKK -44.48% YTD return and -58.32% YOY return is like a punch in the face of its investors I strongly recommend reading George Soros books it will help you to make money in all types of markets..! One year ago on March 13 20211: Reference: www.alliancebernstein.com 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.
AMEX:ARKKEducation
by Moshkelgosha
3
ARK Innovation ETF (ARKK) • Cathie Wood quitting McDonald's soonThis chart looks nasty and that is paradoxically good. There is good enough probability that ARKK found the bottom with strong volume reaction and price sitting at .7 levels from the highs. At least bottom probably is found around these levels after a very violent 59% drawdown from ATH. It is a bit early to tell but so far those macro selling volumes are looking to offset the buying climax at the top.
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AMEX:ARKKLong
by D7R
43
It seems ARK invest is not able to read the inflation story ..!Being on the wrong side of the equation will cost you a lot..! Cathie Wood's performance history in 2008 showed that..! I think she has a high chance to break her -48% (negative) return in 2008, after 14 years..! Why? in the first 3 months of 2022, her flagship is down 35%..! Forecast: ARK invest will not survive 2022..! 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.
AMEX:ARKKShort
by Moshkelgosha
3
Cathie Wood’s Oil price prediction..!To all those who blindly follow someone: I warned you at least a year ago, ARK invest is nothing but a social media campaign to create bubbles..! Look at the oil 125 price , and ask yourself: What if all Cathie Wood’s prediction end the same way? I recommend to watch her CNBC interview to see she is in total denial phase..! Like a very rookie trader..! youtu.be And on last question: Is it possible that you do not know if the person who provides the seed money for your first 4 Funds is still ARK’s shareholder or not??? Wood said she had sent Hwang a note "wishing him well" after the Archegos collapse. Wood said she had no idea if Hwang had remained a shareholder in Ark ETFs.(yahoo) www.yahoo.com 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.
AMEX:ARKKShort
by Moshkelgosha
6