AMEX:ARKK Technical Analysis: The chart showcases a definitive break from its bearish parallel downtrend. Key resistance is observed at the purple delineation. For bullish sentiment to prevail, it would be essential to witness consolidation patterns such as a bull flag. Conversely, for the bears to maintain dominance, a rejection from the purple line followed by...
Understanding Cathie Wood's Trading Methodology
1. Introduction
In the dynamic world of finance, few have garnered as much attention in recent years as Cathie Wood, the visionary founder and CEO of ARK Investment Management. Underpinning her meteoric rise is a trading methodology that champions disruptive innovation and a futuristic outlook. Let's dive deep...
CPI next Thu is supposed to come in pretty low. Guessing this is the bottom for Cathie's collection of garbage stocks as the tide come in next week. Garbage rises with the tide, because most garbage is plastic, lol. (Cathie's garbage is oversold, look at the indicators.)
Detailed Technical Analysis:
Price Action:
Support & Resistance: After its peak in early 2023, ARKK found support near the 37.50 USD range. This could serve as a significant support level. On the resistance side, the 42.50 USD level, which was previously support in mid-2023, may now act as a resistance.
Trend: Currently, the trend is bearish, indicated by...
I'm getting the same vibes Gold did when it had a fake breakdown which is now very bullish. Everyone on the timeline is making fun of Cathy and saying how bad Arkk is, it's all over the place. Think this lines up with the charts. $29 ish should be an amazing confluence for a major bottom. I think we will get a fake breakdown of the March 2020 lows which will be...
looking at ARKK I see a bearish bat pattern forming to $53.50, the 1.618 fib level is at 69 near a gap fill which is another supply zone.. If the market continues upward, I anticipate ARKK to fill the gap and supply zone. Price action needs to close above the .382 fib level... I will update accordingly
I keep saying Cathie's a moron, for some reason people keep interviewing her, lol.
Anyways daily RSI hit oversold, but the major holdings like TSLA, ROKU, COIN, and ZM haven't so this has a lot more room to go down. Plus she's got such a huge chunk of garbage companies like PD that she doesn't have an exit plan.
She actually thinks TSLA is headed to $2k, lol. ...
Bubblicious! Was right. As inflation soars and the FED is behind the curve don't
expect ARKK to do any better than it has. over the last year as Junk Bonds
start to sell off and rates for Zombie Companies rise.
It's always fun going up not so much on the way down.
Please click the play button several times to see the results in the chart above.
AMEX:ARKK now needs a break above 45 for an extension higher after the long-term falling trend line break. Invalidation of the upside extension can only come if we see a break below 40
I might be late, but not too late.
ARKK has been flirting with the PoC from the top and forming some kind of complex inverse head and shoulders.
Innovation and growth have taken a hit in a big way over the last year and a half, but this is looking like an opp. to bid on innovative growth returning at some point.
I'm skeptical of Cathie's leadership in this...
Hi Guys! This is a Technical Analysis on ARK Innovations ETF (ARKK) on the 1 Week Timeframe.
Jumping right in:
Our current Price action is currently bouncing off a Confluence of SUPPORT Test
We tested this Confluence of Support area the prior 2 weeks.
The Confluence involves:
1. 50 SMA
2. Support Line of the Uptrend Channel
This would make an area to go...
ARKK double topped about July 19 and July 31st then downtrend until Fri Aug 18th,
On this past trading day, the technology market moved higher lead by TSLA and NVDA.
ARK reversed and started the retracement of the trend down. I see ARK targeting
45 in the mid Fibonacci levels and potentially beyond that to 47.8 being the base level
of the double top. The...
Follow up to:
It seems like so long ago, but in 2021 if you posted short analysis on things like BTC and PLTR people would legitimately mock you saying, "You must think you know better than Cathie Wood (And her team of analysts). In retrospect, they were not all that tough to beat.
But I think maybe the "Pain is in the price" now, as they say. I'm willing to...
ARKK is likely to rebound if stock's price holds above 45 mark. If price reaches 44, it might be an indication of more bearishness.
KEY LEVEL=45
TARGET=49.5
Possible bearish signal=44
