Healthy uptrend with 40% retracement with a bullish pin bar and heavy buying volume entry signal. It is a good buy and hold stock.
TA, - Volatility contraction pattern(VCP) - Volatility reducing= Supply drying up(see previous 2 instances). 35% drop followed up by a 24% drop and the latest, a 9% drop. - Short term trend breakout but lacked sufficient volume - Trendline support -Oversold for Tesla standards -Longer it consolidates, more explosive the move -RS improving FA, - Read Elon's...
ARK is unique in that it has multiple non-leveraged, actively-managed ETFs that have delivered strong outperformance. But in the past few months, that out-performance has gained steam. We've seen ETFs like $PBW and $TAN run up, but $ARKW, $ARKQ, $ARKG, $ARKF have all delivered strong performance vs. $SPY. This chart shows that the "innovation and disruption"...
The markets correction is providing an opportunity for entry an amazing ETF. the cross point is around 88.50, with strong resistance support at around 84.50-81 levels. With Battery Day looming, a potential rebound may occur (Tesla) Not to forget Nikola is battered with the resignation of Trevor, leaving few rivals to compete in the markets. For those whom one...
I love my triangles, and got the 12/18 $110 call options for ARKK based on several indicators / patterns here. RSI / MACD flipping, price sound support and higher lows from channel bottom trend line, and the beautiful ascending triangle. ARKK's biggest holdings are TSLA and SQ which are not showing any signs of slowing down going into the end of the year.
After hitting its final long long term support line, ARKK has finally bounced off the support. The buying pressure was so strong that it reclaimed its previous support at the 87.75 level. The RSI tells the same story. Expect a continued uptrend, until it hits the top of the channel, At which point we will either see the price breakout or fall back to the floor....
Here is our analysis on ROKU. We plotted D-Waves on the daily chart and it turns out that the price still has to complete the fifth and final wave before hoping to climb higher. In order to call the wave closed the price must first close at a 21 days low. So, for tomorrow the price target will be 145.7.
20sma has been supportive since mid-april, today is a great opportunity for an entry at the current level. Risk-Reward-Ratio is fantastic if you place a stop-loss-limit below the 20sma. We are also seeing past resistance from early August, which is now coinciding with current support level. RSI has not broken 50 since then. OBV has been up-trending since....
Check the video version (link in desc) for more insight.
3D Printing company part of ARKK ETF Company recently included in Russel 2000 Index Potential Strong Growth Stock as 3D Industry is rising from ashes as companies like SpaceX and Tesla using 3D Printed parts. The rest of the industry will catch up and soon traditional manufacturing companies will also turn into teh 3D Printing Technology.
ILMN is one of the highest conviction picks by ARKK investments (ARKK). They invest in disruptive technology that could potentially change the world. Another pick Invitae(NVTA) has a similar pattern and broke out recently. Level exhaustion at the $372 level and a potential accumulation zone. A daily close above 372 would be bullish. An overall bullish sentiment...
That indicates the trading of the fund has been superior. The concept of ARKK remains solid, however, investors should know that risk emanates also from trading skill of management. As the fund grows, trading for Wood will become harder. This is a satellite fund opporunity until the fund gets "too big." What is too big? Typically when the assets under management...
An idea of support and resistance red being resistance and support is gree