ARKG hit a high of 115 on 16th Feb before retracing all the way down to a major trendline support @ 78 on 5th March. It bounced off this trendline strongly but alas started to lose steam just a little over one week later and plunged once more retest the trendline @ 80. Once again this trendline support held.
$80 is also the 38% fib retracement support of the...
ARKG looks like a double bounce at the bottom of thee channel, which is also the 0.382 retracement of the wave 4. Probably a little bit more channeling here before we get going.
If we get a reversal here, wave 5 should bring us to anywhere between 145-160 by EoY
Important to pick a good long entry level as this one can be volatile.
Not a recommendation
Possible stop below C or last pivot low.
ARK ETF Trust - ARK Genomic Revolution ETF is an exchange traded fund launched and managed by ARK Investment Management LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating...
While many people thinks when ARK invest touches anything it turns to GOLD , I believe another season has just begun for those who invested in ARK ETFs. In this season we will see everything will be burned into ashes!
First, let’s look at the numbers, and see the performance of ARK invest ETFs in the last 2 trading weeks! They are all sinking in Blood..!...
There is still some downside risk here but not much more. If you've held on this long, then likely it is worth hanging in there for a continuation up in the channel. FWIW I considered adding some position here today. We'll see what would have happened if I did.
All the best in your investments. Take care.
Bought 30% ARKG allocation on Friday, and expect to hold until it reaches a NEW high, then SELL.
( This is my PERSONAL trading CHART, with no further educational explanations.
IF you get it, YOU GET IT, if you don't, YOU DON'T. I personally don't care. )
Fine-tuning TOPS and BOTOMS require additional MULTI-TME-FRAME/ INDICATOR analysis, NOT included.
This is my analysis of bubbles of arkg. It drops up to 36-40% per cycle. Are we in for another 36% possible. Those are my buy zones. Since I'm already in. I'm just holding. The drop can go up until march 19. But nobody can predict the future. I am not financial analyst. Do not risk more than your willing to lose.
ARKG - great long-term stock to have, but using TA we see that it is likely to fall below the 107 level (also a fib line here). It has been following a 5 part pattern since December and has been trading in an ascending triangle. According to the Stochastic RSI, we are likely to see a small pullback (from 2 to 3) before rebounding upwards. The key level upwards is...