ARKK ARK Innovation ETFI'm sorry but nothing excites me about this chart. Buy sell volume is obvious too.
ARKK trade ideas
Cathy Woods ARKK ETF: Technical Analysis & AdviceDetailed Technical Analysis:
Price Action:
Support & Resistance: After its peak in early 2023, ARKK found support near the 37.50 USD range. This could serve as a significant support level. On the resistance side, the 42.50 USD level, which was previously support in mid-2023, may now act as a resistance.
Trend: Currently, the trend is bearish, indicated by consistent lower highs and lower lows.
Moving Averages:
The fact that the stock is trading below its 50, 150, and 200-day moving averages solidifies the bearish sentiment in both short and longer time frames. A bullish sign would be if the stock can break and hold above these averages.
Bollinger Bands:
The ETF is trading near the lower Bollinger Band. This proximity usually suggests an oversold condition, and there could be a potential bounce back to the middle band (which is also the 20-day MA).
Fibonacci Levels:
The stock seems to be hovering near the 0.618 Fibonacci retracement level. This is known as the 'golden ratio' and is often watched by traders for potential reversals. If the ETF cannot hold this level, the next key Fibonacci level would be the 0.786.
RSI (Relative Strength Index):
The RSI near 35 suggests that the ETF is close to the oversold territory. If it dips below 30 and then starts to rise, this could be a bullish divergence signal, hinting at a potential reversal.
MACD:
The MACD line being below the signal line and both being in negative territory is bearish. However, if the MACD starts to curve upwards and crosses above the signal line, it would be a bullish crossover, indicating potential upward momentum.
Stochastic Oscillator:
Currently nearing the oversold region, a bullish sign would be if the %K line crosses above the %D line within or above the oversold territory.
Volume:
While the stock has been declining, the volume doesn't show a significant increase. This could mean that there isn't a massive selling pressure, and the decline might be more due to a lack of buyers than an influx of sellers.
Trading Advice:
Considering the current bearish sentiment but the proximity to potential oversold conditions, here's a suggested approach:
For Bullish Traders: Wait for confirmation signals like the RSI moving back above 30, a MACD bullish crossover, or the stock bouncing off the 0.618 Fibonacci level. If these occur, consider entering a long position with a stop-loss below the recent lows.
For Bearish Traders: If the ETF breaks below the 0.618 Fibonacci level and shows increased selling volume, there might be further downside. Consider entering a short position with a stop-loss above the recent highs or the nearest resistance.
For Neutral Traders: If unsure, it might be best to wait on the sidelines until a clearer trend emerges.
Remember, while technical analysis can provide insights and potential strategies, there's always inherent risk in trading. It's crucial to combine this with fundamental analysis, keep updated with relevant news, and only invest what you're willing to lose.
Arkk Bottom Today or next week, think it could be very closeI'm getting the same vibes Gold did when it had a fake breakdown which is now very bullish. Everyone on the timeline is making fun of Cathy and saying how bad Arkk is, it's all over the place. Think this lines up with the charts. $29 ish should be an amazing confluence for a major bottom. I think we will get a fake breakdown of the March 2020 lows which will be very bullish.
bearish bat pattern $53.50 target needs to close above .382 fiblooking at ARKK I see a bearish bat pattern forming to $53.50, the 1.618 fib level is at 69 near a gap fill which is another supply zone.. If the market continues upward, I anticipate ARKK to fill the gap and supply zone. Price action needs to close above the .382 fib level... I will update accordingly
Cathie's sinking ship, ARKKI keep saying Cathie's a moron, for some reason people keep interviewing her, lol.
Anyways daily RSI hit oversold, but the major holdings like TSLA, ROKU, COIN, and ZM haven't so this has a lot more room to go down. Plus she's got such a huge chunk of garbage companies like PD that she doesn't have an exit plan.
She actually thinks TSLA is headed to $2k, lol. TSLA would need 100% market share of the entire world auto market to achieve that.
This ETF is showing the same exact chart pattern as last year since June. Dump it.
$ARKK is reversing higherAMEX:ARKK now needs a break above 45 for an extension higher after the long-term falling trend line break. Invalidation of the upside extension can only come if we see a break below 40
ARKK looking like a botommI might be late, but not too late.
ARKK has been flirting with the PoC from the top and forming some kind of complex inverse head and shoulders.
Innovation and growth have taken a hit in a big way over the last year and a half, but this is looking like an opp. to bid on innovative growth returning at some point.
I'm skeptical of Cathie's leadership in this etf, but the chart setup looks appealing.
Oh Cathy, My CathyI miss Robin Williams' brilliance.
200-500 daily so long as Cathy can hold above 39. Targets as marked. Stop say trailing 2.00.
ARK Innovation Support Area to Watch for BounceHi Guys! This is a Technical Analysis on ARK Innovations ETF (ARKK) on the 1 Week Timeframe.
Jumping right in:
Our current Price action is currently bouncing off a Confluence of SUPPORT Test
We tested this Confluence of Support area the prior 2 weeks.
The Confluence involves:
1. 50 SMA
2. Support Line of the Uptrend Channel
This would make an area to go LONG.
We are currently in the process of testing RESISTANCE from 21 EMA
Since this is one the 1 Week timeframe, we need to observe how this weeks candle interacts with the 21 EMA.
If we can close ABOVE, at the end of the week. That would be a good sign.
NOTE: If we can confirm SUPPORT on 21 EMA, this is a bullish sign. Since UPTRENDS are associated with being ABOVE the 21 EMA
It would hint at or strengthen the probability we move towards the Horizontal "Resistance Line" Above in Red.
This would also be an area to TAKE PROFIT.
BUT my main focus for ARKK would be to BREAK Above and CONFIRM Support over the MAJOR Resistance Line in Orange.
Once we do that, we have CHANGED our MAJOR TREND.
Though we have a long ways to go, keep in mind that when this happens, itll be a CRUCIAL AREA to watch.
Since we havent had 3 touch points, we could be rejected which could make it a short play also.
Now since i believe we must always be prepared. Lets look at the downside, if we can't maintain this current SUPPORT area.
My first downside target would be the line titled "Support Line#1
My 2nd downside target would be the line titled "Support Line#2
To find more evidence of whats to come, i look at the current indicators placed.
STOCH RSI, is currently BELOW the 20 level. A BULLISH CROSS, where Blue line is above Orange ABOVE the 20 elvel, would indicate Bullish momentum coming in. This would help push prices towards Resistance Line.
Notice also RSI, particularly the Black line. We were for a short time, below this line but currently attempting to move back ABOVE. If we can maintain SUPPORT on this, our trend would be intacted. Which would support UPTREND.
Finally the MACD, we need to watch this one closely. We have crossed BEARISH. We need to see a Bullish Cross and maintain staying ABOVE the 0 level. If we do this, i can eventually see ARKK move towards the "MAJOR Resistance line".
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on ARKK in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy
ARK - Cathie Wood flagship ETF rising again LONGARKK double topped about July 19 and July 31st then downtrend until Fri Aug 18th,
On this past trading day, the technology market moved higher lead by TSLA and NVDA.
ARK reversed and started the retracement of the trend down. I see ARK targeting
45 in the mid Fibonacci levels and potentially beyond that to 47.8 being the base level
of the double top. The stop loss is the pivot low on Friday as ARKK awaits a momentum
boosting cross over the mean anchored VWAP. The two TF RS indicator shows the lower TF in
green well over the 50 levels with the high TF black line lagging.
The ZL MACD shows more confirmation. ARKK looks good to enter now. I will zoom from the 2H
to the 30 minutes to find an optimal entry. I may take a large stock position and supplement it
with a single put option for insurance against downside potential. I seek a 12-14 ROI on the
stock trade and some multiples of that on a 2 to 3 week put option.
ARKK bounce may be coming. Follow up to:
It seems like so long ago, but in 2021 if you posted short analysis on things like BTC and PLTR people would legitimately mock you saying, "You must think you know better than Cathie Wood (And her team of analysts). In retrospect, they were not all that tough to beat.
But I think maybe the "Pain is in the price" now, as they say. I'm willing to take a pop long at this.
ARKK: Possible rebound between 45-46.5, Target=49.5ARKK is likely to rebound if stock's price holds above 45 mark. If price reaches 44, it might be an indication of more bearishness.
KEY LEVEL=45
TARGET=49.5
Possible bearish signal=44
The nearest target is $52.If we hold the level of 33, a short-term growth of $ 52 is possible. If we go higher, we can reach $70. Perhaps we are working out the Wyckoff method.
From Tulip Mania to Social media Mania..!Bubble investors often believe the hype and hot stories about future growth but ignore the valuation of the assets and ultimately overestimate their expected returns. Asset valuations and not hype determine investment returns regardless of economic development.
For example, there were many stories during the Technology Bubble regarding new technologies changing the economy. Many of those stories came true during the decade after the bubble, but the Technology sector was the worst performing S&P 500® sector
and provided negative absolute returns during the decade.
A bubble in financial markets is a period of rapid price increases in an asset, such as stocks, bonds, or real estate, that is not justified by the asset's underlying fundamentals. Bubbles typically go through five stages:
Displacement: This is the stage where investors become enamored with a new paradigm, such as an innovative new technology or interest rates that are historically low. This leads to a surge in demand for the asset, which drives up prices.
Boom: Prices rise rapidly in this stage, as more and more investors pile into the market, hoping to make a quick profit. This is often accompanied by a frenzy of speculation, as investors buy assets without even considering the underlying fundamentals.
Euphoria: In this stage, caution is thrown to the wind, as asset prices skyrocket. Investors are convinced that the bubble will never burst, and they are willing to pay any price for the asset.
Profit-taking: As the bubble nears its peak, some investors start to take profits. This selling pressure can lead to a slowdown in the rate of price appreciation, or even a small decline in prices.
Panic: This is the stage where the bubble bursts. Prices plummet as investors rush to sell the asset. This can lead to a severe market crash, with widespread losses for investors.
The stages of a bubble are not always clear-cut, and they can vary depending on the specific asset and the market conditions. However, understanding the five stages can help investors identify bubbles early on and avoid getting caught up in the frenzy.
Here are some of the warning signs that a bubble may be forming:
Prices are rising rapidly, far outpacing the underlying fundamentals of the asset.
There is a lot of media attention and hype surrounding the asset.
New investors are entering the market, even though they have little or no experience with the asset.
Borrowing to invest in the asset becomes common.
There is a widespread belief that the bubble will never burst.
If you see any of these warning signs, it is important to be cautious and avoid investing in the asset. Bubbles can be very destructive, and they can lead to significant losses for investors.
Palantir and Arkk Comparison 57% ProfitPalantir SPLTR & SARKK Comparison
These charts are so similar. Arkk looks like it is about to repeat Palantir's 57% move
- RSI positive divergence
- Head and Shoulder reversal bottom
- Price above 200 day MA & the POC
AMEX:ARKK appears ready to break away from the H & S.
Your stop should be placed just under the H & S baseline.
Are you in?
Long ARKK Monthly MACD crossing, About to be a green. Everyone hating on Cathy. This going to explode. Been DCAing but adding here.
$ARKK - The Growth Story will PUSH higherAMEX:ARKK moved nearly 8% higher since I shifted my focus towards small-cap potential in my initial post. Price is currently testing supply and approaching my target of $45. In anticipation of a potential market pullback next week, I may consider trimming my position. However, I'll continue to monitor the market closely and keep an eye on the gap fill above $46.41.
ARKK To Rise On TSLATesla will be lifting ARKK up on Friday but what other companies is ARKK made up of? Is this growth innovation ETF right for you? I am a huge fan and looking forward to what the future holds for ARKK and Cathie Woods can change the positions at any time to catch the best growth from the right companies at the right time. Holdings are: TSLA 11.81%| ROKU 7.95%| ZM 7.14%| PATH 6.55%| SQ 6.12%| COIN 5.58%| EXAS 4.83%| SHOP 4.62%| CRSP 4.09%| DNKG UW 4.06%| TWLO 3.85%| U 3.82%| TDOC 3.81%| NTLA 3.76%| RBLX 3.40%| BEAM 2.68%| PACB 2.57%| DNA 2.56%| HOOD 2.28%| PD 2.17%| STOCKS UNDER 2% NOT LISTED *Source ARK_INNOVATION_ETF_ARKK_HOLDINGS.pdf ark-funds.com
As a real estate investor utilizing the stock market to raise funds for real estate, ARKK is my number 2 pick in my TOP 10 Portfolio, a 10 stock portfolio that contains the top 10 best performing stocks I have witnessed in my lifetime.
View my Tesla analysis to see why Tesla will pull ARKK up this Friday. Beware Of Tesla Tidal Wave
$ARKK Still Working on Stage 1 BaseAMEX:ARKK – Maybe the best ETF to measure “Risk-On” in the market. I have been in and out of AMEX:ARKK a few times over the last 6 months. I thought it was going to start its stage 2 uptrend back in February. That was a false break-out. It is now back over its 40 Week MA, above all shorter-term Mas and has broken above an area of resistance (flat blue line). I really think this ETF has a strong possibility to rocket 50%, to 100% or more soon. In other words, I “want” to be bullish. BUT, after careful analysis, it looks like there could be some major supply until it gets over the 18-month AVWAP. I have an alert set at $45.00 which is still under AVWAP. But I want early notice and AVWAP should continue to drop in price over time. See notations on the chart for more details.
Bottomline for me, it’s a trade that needs to wait. And like I said, I want it to work. Only time will tell. Ideas, not investing / trading advice.
Thanks for looking. Constructive comments welcome
I did another post on this a few weeks back. I have the link to that at the bottom.
Bubble and Burst Fractals of ARKK 2022 and CSCO 2000Interesting observation!
The chart for AMEX:ARKK seems to exhibit a pattern similar to the bubble and burst pattern seen in $CSCO.
If history repeats itself, we might anticipate a potential bottom around the end of this year.
Keep a close eye on the trends!
#StockMarket #Investing
Back on an ARKKHello! If you are a follower and have been following my content I am happy to say that I am back! If you are new, welcome! I have been established as an options swing trader and became so successful that I bought a house. Now I am interested in real estate investing and have built a "Top 10 Picks" Portfolio with my top 10 picks that I will be spreading my money over in an attempt to save for a second property to soon rent out. This is a medium term goal of 2 years and I will be discussing my investment strategies, fundamental research on the "Top 10", and other general information about my top 10 picks. ARKK has been an ETF that I am highly interested in and was brought to my attention by YouTuber Andrei Jikh. He is a great investor/market analyst to follow and adds some humor to his videos. Back to ARKK! ARKK is an ETF that is actively managed by Cathie Wood. She does her own research and invest in companies that are high growth or have potential for high growth. Investments not meeting her growth standards are dumped and she is constantly searching the market for the best investments, With this there is a high expense ratio of 0.75 due to amount of work put in by the investment firm. Based on technical analysis it can be easily predicted that ARKK will rise tomorrow and retest a previous level of resistance at 41.30 a share. Based on the MACD, I believe ARKK has the potential to break through resistance. ARKK TOP 10 FACTS: Currently 40.37 a share, I am up 1.41% ( One day into the investment ) and this is in first place for performance in my portfolio. Follow to get random information pertaining to ARKK along with technical analysis, future price movement predictions, and more!
$ARKK Long Triggering Long on the H&S break at 39.70.
Stop below the recent low at 38.00.
1st Target 41.20 on the H&S count which co-incides with the recent high.
