On February 22th, 2021, I published analysis on ARKK when it was 143.75, those who were fooled with social media propaganda of ARK Invest trashed me so bad in their comments, but I think market teaches them their lessons in the hard way! On April 29th, 2021 I talked about ARK invest apocalypse! This time it went down 14.4% in 6 trading days with increased volume, soon it will be between 80-90. Even could go down to 60 in 2021! This is the art of analysis and not being fooled buy fake YouTubers..! Those who wrote that comments owe me an apology..!
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I would like to point out that the rising wedge had a width of ~$25 at its widest upon formation. If we use that as our standard to obtain a likely price target, and the gap down as the breakout confirmation...
I think a safe strategy here for a PermaBull would be to try and develop a fully Married position with Protective Put(s)$91 ±Jun18
Breakout_Charts
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I think $70 is a reasonable price target by end of the summer.
jimbo_715
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Mr. Moshkel I donot know che hizomeh tari you got from ARKK. anyways I sold already my position with the loss and waiting for entry !! it is better to say the exact entry in your TA!! then your TA is fair! not like this!!!
qdawgg17
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Love all your analysis since I've been following you. With the 4 charts, are those showing the possibilities of where it could go if ARKK trends back up or continues trending down, or did you think it will continue to go down the next ~4 weeks?
Trader000_1
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Yes, all of the ARK ETFs have not performed well for the last 5 months. Looks like they will continue to fall as the month's pass.
Also, I think Wallstreet banks and hedgies really dislike Cathy Wood and ARK Invest and are trying their hardest to tank the funds.
@Moshkelgosha, So are all of the bank CEOs and hedgefund managers who manage to a shit ton of money for Wallstreet....
stckpkr70002
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Agreed. Check out CVNA for a solid short play. Massive insider selling, huge cash burn, growing debt, trading at 100 times book, no way to monetize their business model, funky accounting gimmicks, and a broke chart (I think, but that's your wheelhouse).
SPADESASSETS
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@stckpkr70002, Yup, bearish engulfing at the line of resistance
I would like to point out that the rising wedge had a width of ~$25 at its widest upon formation. If we use that as our standard to obtain a likely price target, and the gap down as the breakout confirmation...
I think a safe strategy here for a PermaBull would be to try and develop a fully Married position with Protective Put(s)$91 ±Jun18