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...
Juicy sub $60 dip I've been waiting for, but since ARKF broke out of my trend channel I might be a little careful since spikes in volume are a good way to create alotta bagholders. I just don't want to end up like ICLN.
However, statistically speaking, ARKF has a good pattern of following Fibonacci retracements. For that, I will be trying to enter at around $55....
Won't get too much into the crypto side, but with Tesla & Apple adopting BTC as forms of payment, obviously very bullish. No doubt Cathie and her team are ahead of the speculative game. Disruptive banking and e-commerce, this is it.
Extremely happy that ARKF recently had weeklies and leaps added to the options chain. I'll be looking to drop a grand in soon and...
I am currently hoping to get an entry at $60 and confident that after the dip, this ETF will keep its ascending rise towards $80 and $100.
This ETF is extremely BULLISH especially since previous ARK etf's have successfully risen and are on the rise.
ARKF has a lot of technology under its belt like;
Here is a chart of how well investments perform in ARK Fintech versus the SPY S&P 500 Index.
Typically we look at charts versus fiat currency, but given the stock markets exceptional rally since the crash of March, and with lots of new retail investors, the question is not whether or not one should be in the market, but what kind of investments are the best.
It's my impression that financial tech will be a driver in 2021 regardless of how any specific crypto performs. You can see this chart that stepping back Cathie Wood and team have done a very good job maintaining upward momentum. Currently I only own a very small slice but am planning to buy in on pullbacks into the lower channel support trend line.
Do your own...
If you don't know Cathie Woods and her ETFs by now, what rock have you been sleeping under when all these rocks are getting unturned. ARKG recently made the biggest moves as the genomics sector might yield higher returns according to Cathie. There is a lot of overlap between each fund, so I'm unsure if you can compare each fund side by side and say "ARKG will be...