Great momentum on ARKK and I want to build a long position. I'll be watching this channel to see if the top of the channel smacks it right back down and will scale in little by little as we hit the middle of the channel.
Top holding by weight percentage as of 02/03/2020
11.72% TESLA INC
Pulling away from a 2 year sideway range
Average Directional Index (ADX) bullish cross (weekly)
First target $64.70
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...
AMEX:ARKK Indicators show a Stochastic Overbought Reversal (sell) for the coming 2 days,
But a stable upward trend for the long term (bullish) for the Intermediate timeframe.
Disclaimer: i'm not a pro, this is not investment advice. Do not make investment decisions based off my Internet comments or ideas.
I will be running a series of tests that will enable me to determine the probability of success of specific strategies. I will even test strategies that I feel may not work. My goal is to test various patterns that many think are profitable. I will then apply the results to my own trading.