In the last few years, I got hit by a car while riding my motorcycle, graduated uni, and visited Korea for the first time in a decade. So, nothing much.
(>Blog, feel free to skip this part.)
I barely had time to breathe, so I liquidated everything and completely exited the market (and bought a used Porsche). But I always missed trading (and making money), and my...
On the above 10-day chart price action has increased 80% since the year began. A number of reason now exist to collecting profits. They include:
1) Price action and RSI support breakouts.
2) Weekly bear flag confirmation pattern.
3) Hidden bearish divergence.
4) The bear flag extension mark the correction for this flag to 32 dollars.
Is it possible price...
A month ago Morningstar identified the ARK Innovation Fund (ARKK) as one of the largest wealth destroyers in the fund industry, with the ETF losing $7.1 billion in investors' wealth over the past decade due to its strategy of using leverage to bet against the Nasdaq-100 (NDX).
Additionally, the ARK Genomic Revolution ETF (ARKG) has shredded $4.2 billion in wealth...
It looks to be as if a very high timeframe head and shoulder pattern is developing in ARKW.
As innovation looks to be of something that is sort after in times of abundance a clear demonstration of the underlying decay of an economy would be a index comprised of stock involved new evolving companies that thrive off low interest rates and a myriad of reckless...
The ARK Next Generation Internet (ARKW) has been devastated in the latest bear market but now appears to have entered a Stage 2 uptrend. ARKW is making a higher high and a higher low on the weekly chart. The PPO has just crossed its signal line and the RSI is showing positive momentum. The relative strength is also starting to outperform the S&P500. Volume however...
Neutral pattern until broken with a trend in that direction.
No recommendation.
op 10 Holdings
Coinbase Global Inc Ordinary Shares - Class A
8.18%
Tesla Inc
7.80%
Roku Inc Class A
6.89%
Block Inc Class A
6.89%
Zoom Video Communications Inc
6.25%
Grayscale Bitcoin Trust (BTC)
5.87%
Shopify Inc Registered Shs -A- Subord Vtg
5.69%
UiPath Inc Class A
5.64%
Roblox...
Hello Traders and (and maybe Tech/ Value / Longterm Investors ?),
ARK funds took BIG hit last year and sell-offs continue. (Panic and uncertainty at the market, raising Inflation and Interest rates, ... War or Pandemy, what could be worse ? WW3 ? ).
So are the ARK funds Investable ? I believe so... but under some conditions.
1) Most stocks were simply...
$ARKW confluence of wave 4 fibs + pitchfork median on the weekly timeframe.
Top 10 holdings:
$TSLA
$COIN
$GBTC
$ROKU
$TDOC
$ZM
$TWLO
$SPOT
$TWTR
$SQ
Cathie wood has recently been going on and on about the revenue growth of these companies and how the share price does not reflect the opportunity ahead. This might be one of the best growth ETFs around if Cathie...
The ARKs have had it rough the past year and I know of the comparisons to the tech bubble pattern, which does look scary.
But as ARKW shows here, it hasn't broken it's long term trend yet and it could present a buy opportunity.
I copied the pattern from 2018 and pasted it here to show a possible bullish path that ARKW may take.
This pattern makes sense to...
There's a rising wedge and a potential early C entry for an ABCD that could take us down to the 78.6 or even the 88.6 if things get bad. I think it's safe to say that if the Nasdaq goes down this will go down twice as hard.
Great opportunity here with ARK invest. Head n Shoulder now formed. The first wave of the daily EW was completed. Small retracement now to 142.55 giving a great buy opportunity with SL at 134.90. If you are a more conservative play on the resistance of the HnS neck. 189 the first target, looking to unlock some profit at that level, Final target 205, completing...
