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D7R
Jan 26, 2022 12:40 AM

ARK Innovation ETF (ARKK) • Cathie Wood quitting McDonald's soon Long

AMEX:ARKK1W
ARK Innovation ETFArca

Description

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This chart looks nasty and that is paradoxically good.

There is good enough probability that ARKK found the bottom with strong volume reaction and price sitting at .7 levels from the highs.

At least bottom probably is found around these levels after a very violent 59% drawdown from ATH.

It is a bit early to tell but so far those macro selling volumes are looking to offset the buying climax at the top.


Comment

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Support has been broken badly. Next target zones as follows
Down momentum is continuously strong across all growth equities.
Trend AnalysisTechnical IndicatorsARKKARKarkinvest
Comments
scheplick
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D7R
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@scheplick, thank for coin Sir 🤝
Vibranium_Capital
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nice analysis my friend. thank you for putting in this hard work for us
D7R
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@Vibranium_Capital, thanks for the coins.
Bullishcharts
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Excellent post trader!
D7R
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@Bullishcharts, thanks sir. 🤝
FudBox
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Cathie == Rekt
jasonrappa
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ARKK did not find the bottom. After heavily investing in companies like Teladoc, Robinhood and Coinbase she's clearly on the path down where no one wants to go. If it weren't for Tesla, it would be an even bigger Turd sandwich lol.

There's too much opportunity right now in dividend stocks to buy into something so foolish as ARK. Not smart to enter a position.
vayntraubinator
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@jasonrappa, agree 100%. Why are we looking for bargains on crap like ARKK ??? dont hunt for bottoms or you will get burned!
jasonrappa
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@vayntraubinator, let them catch the falling knife. I'm prepping for a continued sell off and only acquiring worthwhile stocks
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