We finally got there, but we're still not out of the wood, so a stop loss under the support is recommended
ROKU accumulation zone between the lines, suggesting to buy small amounts slowly over the next 6 months
This was to happen ... i am not sure if buying the dips is as effective strategy as claimed by Mrs Wood. Tops were in FEBRUARY 2020 while both SPX and NDX were making higher highs. Was she simply buying wrong names and not admitting to mistakes ....
How does an esteemed invested such as Cathie Wood not see the clear distribution of this chart? In her ARKF fund she has over $205 million dollars invested in this company, and another $205 million in her ARKK fund. Ouch Cathie. Ouch.
If you haven`t bought SARK at the beginning of this year: Then you should know that SARK or The Tuttle Capital Short Innovation ETF offers investors access to a short vehicle that may otherwise be difficult to execute on their own. The fund attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day, not for any other...
Looks like a solid buy near $34.00. Next buy-target below that is around the $19.00 mark. Risk at these levels is fairly low since the upward potential is disproportionately larger based on history.
Of course it was! The Double Top is one of the most obvious chart patters you can find: And i think it might go just where it all started: at the Covid lockdown level of $59. I know that today ARK bought around 400K shares, but i think they are wrong, ROKU hasn`t bottomed yet! Looking forward to read your opinion about it.
praying that the small gap down there gets closed. Expecting some late march/early april pull back then a boom into mid may. Remember to sell in may and go away tho (for real). However, im confident that cathy has my back for the next couple months.
When taking a glance at Ark's Innovation ETF, multiple indicators are signaling a potential bottom at these prices. 1.) On the weekly logarithmic chart, ARKK touched long-term support on March 14th @ ~ $55 and quickly bounced back to its 0.618 fib level. 2.) Since November 2021, ARKK has remained in a harsh downward channel and is finally showing signs of a...
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. Light purple wave is the count we should be looking at. Wave (1) top was found at 3.3 and wave (2) bottom is 0.63. Start of wave 1 was 0.13; I think the bottom is in for wave 2 since we hit 0.63 back in 6/21' and we had a chance to go lower with the recent 5...
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...
About Tuttle Capital Short Innovation ETF The investment seeks to provide investment results that are approximately the inverse of, before fees and expenses, the price and yield performance of the ARK Innovation ETF (the “ETF”). The fund is an actively managed exchange-traded fund that attempts to achieve the inverse (-1x) of the return of the ETF for a single...
What do you guys think? Looks oversold and ready for a breakout in about 2 to 6 weeks... or we all tank some more again...
SARK or The Tuttle Capital Short Innovation ETF offers investors access to a short vehicle that may otherwise be difficult to execute on their own. The fund attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day, not for any other period. So far, so good, from November till February the fund has a return of 68%. Looking...
Not sure why no one is paying attention to SQ. It's got a nice triangle forming and everyone knows I love triangles. Could break up or down, but I'm thinking up. SQ has been on a steady downtrend (down 60% since August highs), and I think it has found a nice bottom. A lot of people are fearful of AAPL's new tap to pay, but I don't see this having a significant...
Cathie Wood`s biggest bet in telemedicine is Teladoc Health Inc. She wants said Teladoc is the future of healthcare. Now sitting at a strong support level. I expect a bounce from here! 52 Week Range 66.50 - 308.00 TDOC has a MARKET CAP of 11.931Bil. At this discounted price it can be a buyout from AMZN or others. Credit Suisse Group has a price target of...
Over the course of last few day all of the ARK funds visibly undercut previous lows. One thing for sure - there is no chance for UCR on those charts as the week is closed. The overall message from those charts is rather bearish. Mrs Wood tries to pass on the story of 'buying deep value' but market is pretty bad and the names she is buying have very high PEs even...
People don't understand the real impact of some companies in the coming years, so they think Arkk will die tomorrow. If Ark will die we'll see delete from the US market companies like: - Tesla - Coinbase - Block - Teladoc Seriously, do you think in the next 3-5y will they disappear? Absurd, markets aren't a straight line always uphill :)