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ARKK trade ideas

ARKK - Falling Trend [MIDTERM]- ARKK has broken through the ceiling of a falling trend channel in the medium long term. - This indicates a slower falling rate initially, or the start of a more horizontal development. - An inverse head and shoulders formation is under development. - A decisive break of the resistance at 46, ideally with an increase in volume, signals a further rise. - ARKK is between support at 37 and resistance at dollar 44. - A definitive break through of one of these levels predicts the new direction. - ARKK is overall assessed as technically slightly negative for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
AMEX:ARKKLong
by wavepoint99
ARKK Short: Fibonacci darlingI came across an EW counts from a fellow EWer in Twitter but found the counting weird. So I decided to do my own counting. To my pleasant surprise, ARKK is a Fibonacci extension darling (and I love it when a chart follows Fibo levels). Warning: because of my tendency to love fibo levels, my psychological bias might force wave counts to fit (hopefully this time it is not). So, as you can see, there is an primary counting and there is an alternate count in red. Both are valid. But why do I choose a short bias? The reason is more macro-fundamental than technical (technical is unbias now). The yield curve has inverted and we are seeing corporate profits falling and job cuts for previously financially-irresponsible companies (read: most big tech and big tech wannabes). Also, recent reports shows that retails are massively into the market ($1.5B per day of inflow). This is not good. This is akin to the GFC where retail piles in at the start of the bear market. Also mortgage application down to all-time-low in the US. Fundamentally, things aren't looking good (even though jobs report is surprisingly good). Thus the bias.
AMEX:ARKKShort
by sngyuchao
1
Is it worth waiting ?We tend to think rationally this way, if the price can/will goes down to 0.80 , why do I want to buy at $1 ? The million dollar question is IT MAY or IT MAY NOT. If you are so certain, then probably you would pawn everything you had and go ALL IN and make a big bet out of it. The reasons you hold back is the question of "WHAT IF" I am wrong ? Call it fear, margin of safety or being cautious, I think it is the right thing to do especially in investment. You probably also take time to save up these money in order to invest so you want to play the game right ! So, will the price fall to the dotted line as I have shown on the chart or will it rebound from here ? If it does and continue to rally, then months later, you would kick yourself in the butt for missing a few cents opportunity cost ! However, it may fall through the support line as well as sellers continue to dominate this ETF, who can tell for sure ? There are many products to choose from in the market , so spend your time , do your research and if you want to bet on it, start small and accumulate along the way. I speaks for myself since I am interested in many products (or call me greedy) so I would diversify quite widely, haha.
AMEX:ARKKLong
by dchua1969
1
ARKK daily at major resistance, sell signalARKK is at major resistance. It is at the upper trend line from the channel and pretty close to BigReed or 200 days MA. It is also at resistance from October and November highs. All those resistance will highly likely act as resistance from which level the price should current. The price definitely confirms today's price action which is bullish. It is above 8, 20, and 50 days MA but it is below BigRed or 200 days MA: RSI is way overbought and is due for a correction. MACD has strong negative divergences and is not confirming this price action which is bearish. Overall: ARKK is due for a correction. It is a major level of resistance while at the same time, RSI is overbought and MACD has negative divergences therefore we are giving it a sell signal. We will need to wait to see is it bears the flag we will have small consolidation on this level and then a strong move above Big Red.
AMEX:ARKKShort
by Consistent_Trades
Going to short the ARKK bounce.The theory used here has a few parts. 1 - If/when the 423 of a bottoming swing is met, there's most often a pullback or reversal. 2 - Most commonly there's a spike out of this level. Stops are gunned and then the move comes. I think we may be here. 3 - If we're in this style of move, the 423 will typically hold a retest. This is another spot to take shorts here. The risk zone for this type of trade after the spike out is small. It's either right or wrong (Most of the time) and tight stops can be used. Targeting a spike out of the last low, this offers a little over 1:10 RR.
AMEX:ARKKShort
by holeyprofit
ARKK UpdateCathie's ARKK continues to sink, lol. I told everyone to stay away from this garbage. Biggest holdings are ZM, EXAS, TSLA, ROKU and SQ. TSLA really tanked this garbage, it was the only thing propping it up until recently. No position, I just think it's hilarious anyone actually buys this fund. How does she even have a job? WHy do people keep interviewing her like she knows anything? Anyways, 5 year negative return now. We should see the market bump up a little next week, so maybe this goes even for 5 year return, lol. A blind monkey throwing poop can pick stocks better than Cathie.
AMEX:ARKK
by hungry_hippo
6