ARKK First Target 55, then breakout higher into the 60s and 70s. I think 55 by end of year and 60s Jan 2024 Possible retracement to 50s if 55 fails to hold.
I believe AMEX:ARKK is testing volume area high in this sideways trading range as a last point of support after Weiss OI waves showed significant buying and weakening sell-off retracements. A bounce and new high off VAH (Volume Area High) could spell mark-up for $ARKK. Set-up currently looks very bullish. Targets above: $54, $60, $70, $81, $90 Stop Loss would be: $43
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 47/61.80% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our...
ARKK found support last week around the $48.50 area, and is currently surfing the 200 EMA on the 65min chart. Two open gaps to the upside leave this with plenty of room to run back up to the local high from late December.
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Pay attention. Bear market is over for ARK. Head and shoulders bottom.
Not much to say except I asked and the answer came in immediately. When I get these names instantly in my mind, they are usually the best. Also, I tried to ask how long and got 10 days. That lands on a Sunday though, but just telling everything. I asked for a number and 39 came in. Funny that just so happens to bring a gap fill. If it's like the MS idea, it could...
ARKK Innovation ETF I have been in since $45.87 with a small position. AMEX:ARKK is typically offered with leverage so if you do take a position keep it whimsical and margin high. For me this is a long term, very small position play but we could have a break out here, so i thought i would share. The chart speaks for itself, price has just raised its head...
ARKK Innovation Fund is looking to test neckline. Break should set it free for 71 where we have some resistance. Yields are going lower and momentum is returning with growth stocks.
As we expect a bull run in 2024, ARK Fund ETFs tend to perform pretty well during this period. November saw a significant increase in volume with the ETF rallying 31.44%. This can be a sign of a bottom with the possibility of higher lows going forward. Some of the stocks in this ETF are underperforming, thus, putting pressure on the price. But when the market is...
ARKK: couldnt hold support 45 and continued to slide down till next support zone. While daily buy signals are present, a weekly buy signal has not yet emerged. This suggests the possibility of a short-term bounce from this point before a potential further decline in September. The critical levels of support for bulls stands at $38 (0.786 fib) and 35 (stronger)...
It looks like the ARK ETF has created a classical Wall street market cycle, so as follows, this is the macro outlook. Enjoy
### Stock Market Update: ARK Innovation ETF ( AMEX:ARKK ) Approaches Critical Double Top #### Key Technical Level for AMEX:ARKK The ARK Innovation ETF ( AMEX:ARKK ) has reached a pivotal point on its chart, forming a Double Top pattern at $45.16. This pattern is a crucial indicator in technical analysis, often signaling a potential turning point in the...
The ARK Innovation ETF ( AMEX:ARKK ) is currently displaying an inverse head and shoulders pattern on its chart, a formation typically indicative of a potential bullish reversal. However, for this pattern to remain valid, it's crucial that AMEX:ARKK does not close below the key level of $34.72 on a weekly basis. A weekly close below this price point would...
I'm curious if in the short term ARKK may underperform at the 40 handle. I believe some growth names like DASH, DOCU and SNOW may have gotten ahead of themselves and are worthy of another pullback at least for now..best of luck traders
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ARKK is currently in a bullish consolidation pattern, which is expected to continue for about 4-5 days. A breakout from this pattern is likely to occur on November 13th or 14th.
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