And so the story goes, more funny money paper-handed retail selling out of fear without realizing what they hold. This move was way overdone and Market Makers and shorts capitalized on the fear. The growth story is intact - don't buy into the inflation fear and supply chain narratives.
We have been seeing a brutal selloff/shorting since mid-February of this year - especially within the genomics sectors, a darling sector for ARKK investments. This is one of their highest conviction names. The chart is indicating a possible near-term bottom per the formation of a long-term trendline and sentiment slowly shifting with more buying volume this week.
This has been a frustrating stock nonetheless but long holders will be duly rewarded. The chart is indicating huge double bottom support within a long term parallel channel with bullish MACD divergence. A no-brainer add at these levels. Long to $350+
Great earnings calls today - CEO Yoav sounded more confident as ever as to his plans and the directions of the company. The market positively reacted and the market is always correct. Technicals are indicating a strong bounce off of the .382 fib retracement around the 7.50 area. We should re-test recent highs of $17+ very soon. LONG.
The fundamentals and technicals are lining up for this name. This will be an industry disruptor as more consumers will switch to easier methods for buying and selling homes. We are expecting this housing season to be a boon with the rising interesting rates and home buyers scrambling to purchase homes. Price target: $42-45
The recent market reaction to 4Q 2020 earnings report was less than stellar even though it was a beat on both the top and bottom line. I imagine the weaker guidance is only temporary will be bigger as more businesses pivot to the cloud and hence, edge computing for content delivery. We are long.
$26.62 Billion Edge Computing Market - Global Forecast to 2026:...
News headlines are indicating greater trade tensions with China as they have reported tightening up their export/supply of rare earth metals to the U.S. The Biden administration is kicking into high gear the ability for the U.S. to supply and source its own rare earth metals to meet the demand of the growing tech/EV sectors. MP broke a critical resistance of its...
An ARKG favorite, this briefly touched the 9 EMA and is going back up on strong buying volume. Yesterday was a gift from the gods of an entry point and a long hold for those who are in it to win it in a game-changing technology in a huge growth sector.