The ETF that sets the growth stock path
It looks like ARKK has completed an ABC correction here and has found support at the 200 EMA, hovering above the 200 SMA, as well as a uptrend line that has acted as support for the Sept and Nov lows.
I think ARKK is a good buy at these prices. It may fall a little more as stoch RSI has a little bit of room, and could bring it down to the 200 SMA around 105-106.
Mama Cathie's flagship ETF looks like a great buy at these prices and technical levels. If you follow her 5 year time horizon, then these levels are a pretty tempting spot to load up for long term growth portfolios.
Buy 111 - 106
Cut loss below 105/loss of 200 SMA
PT = 180+
It looks like ARKK has completed an ABC correction here and has found support at the 200 EMA, hovering above the 200 SMA, as well as a uptrend line that has acted as support for the Sept and Nov lows.
I think ARKK is a good buy at these prices. It may fall a little more as stoch RSI has a little bit of room, and could bring it down to the 200 SMA around 105-106.
Mama Cathie's flagship ETF looks like a great buy at these prices and technical levels. If you follow her 5 year time horizon, then these levels are a pretty tempting spot to load up for long term growth portfolios.
Buy 111 - 106
Cut loss below 105/loss of 200 SMA
PT = 180+