ARKF has been hobbling for quite some time after the incredible rise. It appears it has somewhat settle in and we may not see the drastic gains of previous year, but the resistance line appears fairly reasonable. I think there's a high probability of it bouncing off that line once more in the next week, before making a run that will get it back ahead of the last...
Your first obligation as an investor is " Following the Money".
You need no skill to analyze this chart!
Just look at the Trading Value!
As soon as the average trading value dropped, the price followed it!
The most important question is: where is the next destination of all this money extracted from market in the past 3 months???
Description: ARKF is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
1. Ideal buy range: $51.6 - $55.2
2. Take profit: $70.28
3. Stop Loss: $50.66
4. Risk To Reward: 1 / 4
5. Accuracy Rating: 97%
Price Target 57.89 by End of April 🎯
Adam & Eve Double Bottom ✅
Bump & Run Reversal ✅
Trend Reversal + Break Above Clouds ✅
Bullish Hidden Divergence ✅
Mat Hold with Matching Lows ✅
Invalidated below 52 ❌
Current price- 52.62$
Double bottom and strong support zone.
55$ is the next resistance level.
Double bottom on the RSI.
I believe ARKF is the most resilient among Cathie Woods disruptive innovation ETFs.
I was wrong! the red trendline is what I thought initially was the support trendline. After charting up ARKK, it seems that the lines extending from July would've been better to estimate a bottom. I still regret not selling my leaps on the first initial dead cat bounce and escaping my 70c 1/21/2022 for only a $90 loss. I sold for break even on my 60c 4/16 but for...
Beartraps are sudden upward movements in stock price which follow a longer downward movement. These traps can catch the best traders causing you to buy into a stock during a momentary upward trend. By using SMA (simple moving average) I believe that you can examine the historical performance of a stock and avoid being trapped.
I’ve recently been caught in the...
ARKF was trending strong away from it's 50 day Moving Average until the market rout last week brought it back down. A very bullish pin bar has formed last Tues after testing the 50 day MA and also the 50% fib retracement level @ 52.60.
Add to this, a bullish divergence is now apparent between Price and RSI. Overall the chart is still looking healthy (supported...