$ARKK puke not much different vs $QNET $PNQI - $NDX $QQQSeems all forget the growth puke FEB-MARCH, this is no worse. Prefer $QNET Nasdaq Internet as barometer for Tech /growth as around way before $ARKK /components very different.
ARKK trade ideas
Raiders of the Lost ARKKThis one was too PUNNY to pass up.
WOODS days of searching for lost treasuries is almost at an end.
Next Stop.. The bottom of the Ocean.
$ARKK - Hindsight 20/20I should have noticed the double top at the first fib retracement. There is some support between the next fibs.. but on lower volume. Hold on tight...
A buy opportunity on Katie.Price approaching wave 4 natural correction zone, between 38% and 50% of the previous wave 3.
Rolled: ARKK December 17th 114 Short Call to 104... for a 1.75 credit.
Comments: Going inverted here with my ARKK short strangle to cut net delta, with the setup now being a 106P/104C two-wide inverted short strangle that's net 35 delta long or so.
It's only got 15 days until expiry, so will probably look at rolling next week unless it pops back up above its downside break even which is the short put strike (106) minus total credits collected (6.01) or 99.99.
ARKK Ark Innovation ETF: Short TermHello friends, today I am completing a technical analysis on the 1D linear scale chart for Ark Innovation ETF ( ARKK ) led by Cathie Wood.
#CryptoPickk notes the following:
1) Ark Innovation has had a great run from 2020 into early 2021 when the ETF made an all time high. Since that point, it has been correcting.
2) Since the all the high, the price has been ranging within a multi-month triangle pattern, which it recently broke down from.
3) Since this was a Symmetrical Triangle, measurement from the top to the bottom of the triangle shown in the yellow line was taken to estimate a measured move.
4) The pattern breakdown, shows a target price around the $75-85 range before the next possible pattern may begin.
5) This also falls in line with the Fibonacci Retracement level of 0.382 which is around $81.
6) Since the RSI (relative strength index) is heavily oversold at this point, the price may have a relief rally or a dead cat bounce before moving lower to the target price. Usually the dead cat bounce occurs around the 0.786 Fib level shown in the cyan color Fibonacci Retracement.
7) The Volume is strong so expect volatility.
8) Short term for ARKK is not looking great, but neither is the entire stock market so let's see where this one is headed.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
ARKK Testing the Lower Bound of Twin Bear-Flag 2 in 3DBitcoin is in EQ with resistance at the 8h 8EMA/MBB combo. The 10-Year has settled at 1.46. Nasdaq with resistance at the 4h 8EMA. ARKK testing the lower bound of the bear-flag, with the Russell recovering its 2h MBB.
A comparison between S&P500 Nasdaq 100 and ARKK..!The CEO of ark Invest repeatedly talked about the possibility of a crash in Index funds while denying Her Managed ETF is one of the worst performers in the market since February 2021!
In February I publish this:
Please review her performance in 2008, to know more about her performance in a possible Bearish market!
Orange line: S&P500
Blueline: NASDAQ100
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.
ARKK Bear Flag ConfirmedThe pattern illuminated the way, with a break of the lower bound to new lows. S&P500 rejected the 2h MBB as growth led a market-wide consolidation.
ARKK - Bear Flag Lower Bound Break and RecoveryThe Bear Flag choppiness continues for this basket of innovation growth stocks. Price is in the middle of a Daily Bear Flag range and it is likely prudent to let this play out a bit more.
ARKK ideas going wrong in many ways ARKK performed well in 2020 COVID but lost all year gain in 2021 , Cathie like have 1 stop shop and buying selling everyday not working well when we want real valuation or in long holding. Tech sector got more bubble compare to other sectors.
In near time we are not seeing ARKK recovery or their strategy not working well.
Technical analysis ARK Innovation ETF (ARKK)ARK Innovation ETF (ARKK)
Limit buy - 107,5$
Target - 124,56
Risk/Reward Ratio - 4,34
Stop-loss - 103,05
ARKK - Bear Flag in 3DARKK has resistance at the 2h combo of the 8 EMA and MBB. In a Bear Flag the range is compressing.
Searching for support...and we may have found it at $100. I'm mostly invested in crypto, but you really can't discriminate when it comes to profit. I'm buying call options on this, strike price somewhere in the 200's.
sellers out in forceyes!
sell is a good idea for this one.
are all the buyers in? have we reached saturation point?
sell the sizzle. whos buying it?
support trend line is broken.
we need more CB liquidity man...
Rolled: ARKK December 17th 135 Short Call to 114... for a 1.27 credit.
Comments: This is the short call aspect of a December 17th short strangle. I rolled the call side down on approaching worthless to cut net delta by about half. As a standalone trade, it's short delta, but that is offset by the short put aspect's long delta, so looked at holistically, it's more of a neutral assumption setup when you look at both the short call and short put as a unit.
I originally put on the short strangle for 3.04 (See Post Below) and had a price target to take profit when it reached 50% of that or at 1.52. I'm going to keep that profit target the same by entering a good until cancelled order to take profit for 1.52 (my original target) plus what I collected for the roll -- 1.27 -- or 2.79. Put another way, I've collected a total of 3.04 + 1.27 in credits or 4.31 and 4.31 minus 1.52 (my original profit target) equals 2.79.
$ARKK Re-Claims the 30 Week MAI'm trying an early position here in $ARKK as it reclaims the 30 week MA. You can see my stop on the chart however, I'll likely keep it as long as it does not close under the 30 week MA. Shorter term MA's are pointing up so this looks like a low risk entry area with a well defined stop should it turn back down. Ideas, not trading / investing advice.
ARkk tri wedge As100ma getting close to price. Price most likely break
Downside and use 100ma as support to the upside.
$ARKK - In dip buy zoneI saw this count last week and it does appear to be playing out this way - wave 4 triangle. Either way ARKK should be seeing ATH next year before the market "tops" - it just likely will take longer than I anticipated. We should still see at a minimum - 172.
Soon my expectation is that big tech will stop getting all of the $ - and we will see a rotation back to the beat up names for the last hurrah - maybe we can see the rotation begin this week?!?
