ARKK trade ideas
ARKK ETF Big gains in coming monthsARKK ETF is a growth ETF created by Cathie Woods that has grown around 500% since its release in 2015. ARKK ETF stocks are a conglomerate of growth stocks that are identified by the analysts at ARK, the stocks are carefully picked out depending on their ability to produce profits. Since ARK holds a diverse portfolio in a wide range of stocks, it usually follows in the market in terms of price action, if the market is bullish, ARK will most likely be bullish, and vice versa.
I have put together a range of indicators and drawing tools that could help us analyse and even predict the future price movement of the ETF. Using the weekly chart, it is shown that the most recent candlestick has slightly bounced off the 50 MA, which gives us a bullish sentiment on the future price of this asset. P.S note that the most recent candlestick still has 3 days of price action as of the 11th of May, 2021. This means that a lot could change in the candlestick before it is completed.
The next indicator is the Relative Strength Index or the RSI, it is an indicator that helps identify whether the stock is overbought or oversold, this can help determine if a stock is bound to fall or rise in price in the future. We can spot that the RSI indicator is nearing the oversold point meaning that the price could soon start to increase.
The Ichimoku Cloud indicator is still showing a bullish trend and has slightly slowed ever since the price of the ETF dropped remarkably by about half its value at peak.
The asset as of May 11th 2021 is trading at $106.09 per share, the intrinsic value of this asset is said to be $97.6, this means that it is still overpriced and we could see a slight decrease under the line of intrinsic value, which could be a strategic and smart buy point.
There are many more indicators that I have not discussed, but the range of Indicators that I picked from are wide enough to give the reader a good insight of how this asset will trade in the future. Like the post and follow me if you have enjoyed this analysis, much more coming soon.
TraderTH
There is still hope for ARKK and CathieThis is an important week for ARKK and Cathie Wood. Following pre-market doom and capitulation we are seeing a bounce to the long-term support level. Hoping this can resume and break above 111 and maintain support above the 200 EMA. A close below 96 would indicate a further drop.
Short Cathie Woods?ARKK has been steadily selling off since February
Selling volume was extremely above normal for the last few trading days
Also fell through 105 support which seems to have been strong in the past
I honestly see this falling back to the $65 range eventually but for now I would short this to $90 demand zone
If it loses daily demand, I am increasing my short position down to $65 by late June-July
Thank you
Panic sell is just started ..!On February 22th, 2021, I published analysis on ARKK when it was 143.75, those who were fooled with social media propaganda of ARK Invest trashed me so bad in their comments, but I think market teaches them their lessons in the hard way!
On April 29th, 2021 I talked about ARK invest apocalypse!
This time it went down 14.4% in 6 trading days with increased volume, soon it will be between 80-90. Even could go down to 60 in 2021!
This is the art of analysis and not being fooled buy fake YouTubers..!
Those who wrote that comments owe me an apology..!
Opening (IRA): ARKK June 18th 87.96 Short Put... for a 1.94/contract credit.
Notes: 30-day implied at 56% and weak. I don't what the particular reason for the oddball strikes is, but rolling with it. 2.26% ROC at max as a function of notional risk. Generally, will take profit on approaching worthless or take assignment, sell call against if that happens.
ARKKARKK is currently at a major support line, that has always been respected by price. Buyers will enter the market monday morning and cause an uptrend for the rest of the week.
ARKK - Daily with Fib extensions and Waddah Attar Explosion ARKK - Daily with Fib extensions, WAE
Had to chart an ARK fund today, after CNBC treated her so rudely like they do with any guest they don't agree with. If you are a day trader/active investor do yourself a favor and ditch CNBC. They are NOT on your side.
Look at the 3 MA's used, the 8/21EMA and the 200MA, the fund has dropped below all 3. Tread carefully.
Quick review of fib extensions and I am starting to incorporate the WAE (Waddah Attar Explosion) indicator by Lazy Bear. Volume is always something I am looking to increase my knowledge on, and a friend of mine recommended I give this a try.
This indicator shows areas of trend strength, direction, "explosion" line, and a dead zone marker.
Explanation from the indicator developer:
"Various components of the indicator are:
Dead Zone Line: Works as a filter for weak signals. Do not trade when the red or green histogram is below it.
Histograms:
- Red histogram shows the current down trend.
- Green histogram shows the current up trend.
- Sienna line shows the explosion in price up or down.
Signal for ENTER_BUY: All the following conditions must be met.
- Green histo is raising.
- Green histo above Explosion line.
- Explosion line raising.
- Both green histo and Explosion line above DeadZone line.
Signal for EXIT_BUY: Exit when green histo crosses below Explosion line.
Signal for ENTER_SELL: All the following conditions must be met.
- Red histo is raising.
- Red histo above Explosion line.
- Explosion line raising.
- Both red histo and Explosion line above DeadZone line.
Signal for EXIT_SELL: Exit when red histo crosses below Explosion line. "
ARKK To FLY ARKK is into the consolidation phase due to sector rotation, long-term potential after the triple bottom is huge on long term.
is this the beginning of the big unwind many predicted for arkk?losing support after support. Lots of ppl say this could trigger big melt down due to the auto-correlation of the funds.
RSI broke down.
selling volume accelerates.
fund flows trend has definitely changed
etfdb.com
Buy the dipTrading signal
The signals suggest that the ETF is oversold. It should start to appreciate in price over the coming week. Time to add to your position or to add the ETF to your portfolio.
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Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Time to jump on the ARKK train.... stop @$103.4 $ARKKArkk looks ripe for a trade...
I also see an H&S pattern with a reverse right shoulder which completed the move and ready for a reversal...
(Neckline @$130.59)
Trade the Breakout on ARKKDipped below 200SMA on the daily. Broke below the wedge.
Testing $106 support. Most stocks have been falling way below support.
DKNG
PLTR
RKT
FSLY
PTON
Pretty gnarly earnings season. Sell in May and go away.
100p 5/21
ARKK Short ScenarioGood evening,
1. What am I looking for?
- Re-Test of 116$ (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$. Stop-Loss above 200s MA.
-> This setup is A+ since a lot of support (200 MA, Short- and Long-Term Fibs, Trend-Channel) is broken if entry-conditions are satisfied!
4. Fundamentals / Macro / Sentiment:
- Earnings Season is ending (most important companies already reported)
- SPX looks like it is topping out and a correction is due
- Negative Sentiment in Meme Sto(n)cks, of which ARKK largely consists
Do not chase and wait for confirmation, 7 consecutive red days may be followed by a bounce! Wait for consolidation and attack with conviction after that.
I am looking forward to reading your ideas. Thank you.
ARKK - Hard SupportBlack line which held several times in the past is being tested. I expect to bounce back and forth between black line and MA21 for a while till we break it up.
If Black support line is broken, it will be free fall till 90$
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)
