ARKK trade ideas
Three Black Crows sit on ARK Invest shouldersAfter -26% loss in less than 3 weeks, Iโm pretty much sure this will continue another 15-20% in the next 1-3 months!
We should wait and see if her portfolio manager could keep his sit at Ark invest!
When you underestimate the power of a scared little investors, this will happen!
It takes years to build a trust, but it takes seconds to lost it once and forever!
ARK invest had benefited the most from social media ands its power to seduce people invest in overvalued stocks in the last few years. While many people thinks ARK is progressive investing firm, I believe they do nothing but massive scale PUMPS & DUMPS using the power or of social media..!
You donโt believe me, check ARK watcher and see how they emptied their so called disruptive medical and technical companies! For instance,They sold all their Crisper stocks a few months after its founders received NOBEL PRIZE. But you know what, they pumped it from 12 to +200 in a couple of months..!
History will be the best judge..!
Bearish and Bullish movements of ARKKWhat is ARKK?
ARKK is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund's investment theme of disruptive innovation.
Who Runs it?
Catherine D. Wood (born c. 1955) is the founder, CEO, and CIO of ARK Investment Management LLC (Ark Invest), an investment management firm that managed the largest actively-managed exchange-traded fund in 2020. Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler.
What about the performances?
On this chart, you can see that the overall return of ARKK is outstanding since inception reached a peak of almost 700% in 5 years. The idea of this post is to understand how impulses and corrections happen and the % we can see on each of them.
Since its inception, ARKK has had 3 impulses and 3 corrections. We will consider a correction as a 30% drawdown or higher. Why is this relevant? Because if we are interested in a good situation for buying ARKK, we should ask the question about selling periods and subsequent impulses.
Currently, ARKK is dropping 27%, and the next support zone is at 89.77. If the price reaches that level (that would mean that the market corrects (all of it)), we would be on a 44% Drawdown. From there, we would start thinking about how we can create bullish setups if the conditions are appropriate, and we would never buy a falling knife directly. We want to observe reversal signs before that.
Thanks for reading!
ARKK is about to gap the f*** downSPECULATION - based on the measured move of the head and shoulder. These things often do not play out BUT if it does that would be something wouldn't it?
Cathie's ETF may be a lot cheaper in 1-2 monthShorting AKK is no option for me, since it is too much risk for a possible rebounce after the stimulus packages may received mid of march.
But we may see AKK cheaper in this month, which may then be a trade opportunity.
It also shows, that tech may looking forward some weaker times, where we may can get a lot of stocks cheaper than now.
So I am only Neutral and not Short on this stock right now.
๐๐ฅ๐ ๐๐ป๐ป๐ผ๐๐ฎ๐๐ถ๐ผ๐ป ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ: $ARKK Daily. C WaveLooks like a flush scenario to 200dma is increasingly likely. Below last week's low where Cathie stepped in
$TSLA $SQ $ROKU $TDOC $BIDU $SPOT $Z $SHOP $QQQ $SPY #ElliottWave #Stocks ๐
ARKK Bearish H&S Pattern Target 105$, with confirmation on break of neck. Also, Bearish Divergence on Daily RSI.
ARKK Annotated chartLoads of danger on the ARKK ETF IMO, previous support is turning into a resistance & there's not a lot of volume below
#USetf #ARKK #ArkInvestment 4Hour CHART UPDATE! Waiting Entry!DAILY CHART: Here's TA on #ArkInnovationFund, especially for those who were caught in the -14% drawdown over the past 1 week.
Cathie Wood is not god, #Arkk is also impacted by technology sector pullback over the past week.
Looking for further possible downside to (124 - 128). Will price hold above (200EMA - 4hour Chart) and (100EMA - Daily Chart)?, and make a strong rebound?
As always, wait for confirmation in trend reversal before you consider entry! ๐
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This post is just a personal opinion.
Always do your own research, risk analysis, and due diligence before executing any plans. ๐
#personalopinion
#technicalanalysis
#markettrends
ARKK - Just watching and waiting for confirmationIt looks like it can go either way....could complete the bigger pattern at $119-120...or reverse and complete the smaller pattern at $148-149.
ARKK, Financials and SpaceTracking. ARKK is down 6 out of the past 7 trading days. Financials are up 7 out of the past 8 trading days. Despite recent pullback I'm still bullish on the space industry.
ARKK Key Support LevelsInstead of marking up charts with tons of conflicting information, I try to stick with what matters - support and resistance. 95% of trading is about support and resistance based on my experience, indicators might give you a slight edge but more often than not they'll keep you out of a good trades as a majority of indicators are lagging price.
Here are the key support levels for ARKK. The pointy white circle areas mark the points I used to determine support. I looked only for levels that have been used as support and resistance in the past. The red trend lines show that ARKK is currently in an upward trend. The ideal point to purchase ARKK would be on the touch of the bottom red trend line. The horizontal orange lines are areas where the price might also bounce from depending on how aggressive the buyers are.
Buy zone if ARKK finally sells offARKK has been showing some weakness the last few days. It is barely holding on to the 9/21 EMA cloud and closed today just below the upward trend line. The upper green box would be my first buy zone if AAKK was to sell off. Of note... The fund has risen so far and so fast that a deeper correction could take it back down to 110 which would only be the 236 Fib of the higher time frame move. That would be my second entry for a longer term hold.
#USetf #ARKK #ArkInvestment Wow Repeated Patterns!#USetf $ARKK #ARKK #ArkInnovationETF #ArkInvestment
Look at the "repeated setup patterns" on daily. Looking at price to hold at 20ema (blue dotted line).
Watch for Slow Stoch & ADX+ indicators to curl up first before entry!
This is #PersonalOpinion. Please #DYOR.
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#PeterSinGuili
#TechnicalAnalysis
#SwingTrading
#Investment
ARKK following similar tests along the way to new highs ARKK is following similar price action in forming tests of support for new highs.
This current pull back is slightly expedited and showing an increase in volatility than trends in the past. (I believe this has been due to the uncertainty we saw leading up to unemployment rate releases and uncertainty in the overall market).
Considering this, I wouldn't see it completely out of the question to see price pull back below the .618 extension and test the perceived .382 line as support.
From there I see ARKK making new highs with a price target above $166 (1.0 extension) after claiming the perceived .618 ascending extension line as support.
Stop loss can be adjusted up to just below the most previous ascending line found as support.
**Not financial advice, these are just my opinions
Not trading advice, but easy trend ARKKSee this channel... this is the way. When bottom, long. When up, short.
ARKK CallsARKK has continued a titanic rise, with this slight dip this week, I see a good potential for $149 calls expiring on 3/5. In my eyes minimal risk, with good upside.
