ARKK is following the same movement seen on several tech stocks today: A possible double top in the 30min, indicating a brief exhaustion, but this is expected.
The 119.15 is the pivot we must see broken as soon as possible. This will lead to a greater upside movement in larger timeframes.
The red line is not going to be...
This bullish signal indicates that the stock price may rise from the close of $118.33 to the range of $131.00 - $135.00. The pattern formed over 30 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
... for a .33/contract debit.
Comments: In for 1.94 (See Post Below), out here for .33; 1.61 ($161) profit per contract. I considered rolling out to August, but the 30-day isn't nearly as sexy as it was.
Hyper growth has crashed by over 35%, inflation data is not as bad as everyone thinks, 10 year treasuries have pulled back, commodity prices have dropped massively, lumber has dropped from 1700 to 1100, fed likes to print money BRRRRRRRRR. This is not financial advice and I'm not advertising the buy or sale of ARKK etf or its holdings.
We should be heading up from here. Any drops can be bought.
One caution- We are in the fifth wave of Broader Markets and i expect that to end sometime in next few months. If broader markets starts to drop, the fifth wave on this ticker will be truncated at where ever it stands.
I have published many short analyses on ARKK, and other funds managed by ARK Invest and Cathie Wood.
Some people may think I have personal problems with her or ARK Invest, but this is not true. I do research and analysis in the financial markets since 12 years ago. I started this when I was a 4th-grade medical student.
Since I was, and I am a bookworm, it...
Looks like $ARKK may be ready for a nice move higher. As you may know ARKK invests in high beta stocks so it can and does move quickly. I show it broke out of a Darvas Box a couple days ago. Today it reclaimed the 200 SMA and all the shorter term moving averages are pointing up and are just under price. This should (TBD) help lift this ETF higher. You can see my...
Today, we will explain our trading idea on ARKK.
What are we observing right now? The price is inside a descending Wedge pattern (106 days correction), and we are observing possible signs of a breakout happening soon. We can see a clear support zone that the price could not break, so we expect a bullish movement towards the next resistance zone at least.
Sun Storm Investment Trading Desk Present's 06.25.2021: SSITD ETF Portfolio: Ark ETF USA
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