Zoom company's video-conferencing service became so ubiquitous during the Covid-19 pandemic that its corporate name became a verb describing the act of firing up a video chat to connect with coworkers online. Zoom shares VIE:ZOOM rose seven-fold in 2020 as sales surged after millions of workers were stuck at home because of COVID-19 restrictions. By 2021,...
ARKK Innovation ETF I have been in since $45.87 with a small position. AMEX:ARKK is typically offered with leverage so if you do take a position keep it whimsical and margin high. For me this is a long term, very small position play but we could have a break out here, so i thought i would share. The chart speaks for itself, price has just raised its head...
I multiplied the less risky Dow and Spy while dividing it with a multiple of bio, the Russel and Ark. This shows a clear shooting star candle in development this month which should signal much greater future gains in higher risk stocks and an end to this pullback in the market. You can see that we had nice rallies the last two times that this has happened on...
It looks like the ARK ETF has created a classical Wall street market cycle, so as follows, this is the macro outlook. Enjoy
Short term resistance has been met and the Nasdaq has just recently broken through its short term support. This would indicate to me a correction will follow taking the price of the Nasdaq back down to medium term support. After this i would exercise caution, any short term bounce may be followed by another breakdown in the medium term support. Then the Nasdaq...
### Stock Market Update: ARK Innovation ETF ( AMEX:ARKK ) Approaches Critical Double Top #### Key Technical Level for AMEX:ARKK The ARK Innovation ETF ( AMEX:ARKK ) has reached a pivotal point on its chart, forming a Double Top pattern at $45.16. This pattern is a crucial indicator in technical analysis, often signaling a potential turning point in the...
Year to date relative comparison of the ARK funds shows that the ARK Next Generation Internet ETF (ARKW) is outperfing the rest of the pack.
The ARK Innovation ETF ( AMEX:ARKK ) is currently displaying an inverse head and shoulders pattern on its chart, a formation typically indicative of a potential bullish reversal. However, for this pattern to remain valid, it's crucial that AMEX:ARKK does not close below the key level of $34.72 on a weekly basis. A weekly close below this price point would...
I'm curious if in the short term ARKK may underperform at the 40 handle. I believe some growth names like DASH, DOCU and SNOW may have gotten ahead of themselves and are worthy of another pullback at least for now..best of luck traders
ARKK is currently in a bullish consolidation pattern, which is expected to continue for about 4-5 days. A breakout from this pattern is likely to occur on November 13th or 14th.
I'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...
Bubblicious! Was right. As inflation soars and the FED is behind the curve don't expect ARKK to do any better than it has. over the last year as Junk Bonds start to sell off and rates for Zombie Companies rise. It's always fun going up not so much on the way down. Please click the play button several times to see the results in the chart above.
AMEX: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 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...
- XBI IWM ARKK FXI these sectors may play lagger bull catch up soon if market continues to run - PYPL BABA and other growth stock names may as well.
Palantir 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?
Cathie Woods was the wonder lady/girl/woman/female of Wall Street a few years ago, prior to an 82% stock price correction which made her a candidate for the GOAT (the actual animal). But I am now interested in owning the shares of her company.
The bears enjoyed their cycle to the maximum, peak fear is behind us. Observe your favorite pundits to determine if they have shifted their perception yet. Many have not, Many remain Bearish and are greedily awaiting one more Deep Indiscriminate Sell Off.... they will likely wait forever. The first rule of any technology used in a business is that...