on ARKW - MA 50 daily is a main support and resistance, worked like a charm especially last 3 attempts to break it failed.
We see a convergence of MA 21 and MA 50 so I expect a bit up and down between these to MAs and then break down where they intersect, find support from the blue line and then push up to break both MA21 and MA50.
I like that the volume has...
IF you still HOLD, ARK investment Stock (Cathie Woods), you might have a 2ND chance to DUMP, before it goes down even LOWER.
The ARK's should grind higher for the next 2-4 weeks (as the DOLALAR weakens), then continuing LOWER again with the rest of the US-MARKET.
While there is a 25% chance this could be a start of a 5th impulse wave, I think this possibility...
Description: ARKW is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position above $156.
1. Ideal buy range: $156 - $160.7
2. Take profit: $207.42
3. Stop Loss: $142.53
4. Risk To Reward: 1 / 4
We bought ARKK 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.)
This is a Bullish indicator signaling ARKW's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I. dvisor identified 55 similar cases where ARKW's MACD histogram became positive, and 48 of them led to successful outcomes. Odds of Success: 87%. Current price $172.30 is above $121.94 the highest resistance line...
ARKW - as in ARK "WOW".
Catherine Wood and her team are running a
world class family of ETFs via ARK-Invest.
They are changing the way we think about
investing through the lens of innovation.
Although extremely bullish long term
for ARKW, in the short term this
ASCENDING head-and-shoulders needs to
'play-out', before I continue to...
Ark Investments ETF's ARKQ ARKK ARKW ARKF ARKG all seen a steep increase in trajectory after the March 2020 market dip from the pandemic panic.
Here is a chart of ARK-K ETF with before and after Trendlines in Yellow... Notice the Steep increase in trajectory after March 2020...
These ETFs are Tech and Innovation heavy and we know tech has seen a boost since...
Price has not been able to close below the 20ema since early April. It has tested it 4 times; today is the 4th test.
Taking into account the measured move from the past times we tested the 20ema, it should take around 7 trading days to get to the sell-target.
Happy & successful trading,