ARKK: V-Shaped Recovery OTW?When taking a glance at Ark's Innovation ETF, multiple indicators are signaling a potential bottom at these prices.
1.) On the weekly logarithmic chart, ARKK touched long-term support on March 14th @ ~ $55 and quickly bounced back to its 0.618 fib level.
2.) Since November 2021, ARKK has remained in a harsh downward channel and is finally showing signs of a possible break.
3.) When observing the MACD on the weekly chart, we see that it has printed a new bottom while the price makes a higher low on a 5-year basis. Given the right conditions, this is signaling bullish divergence and could result in a face-ripping move to the upside.
For all of the reasons above, I believe ARKK has the possibility of breaking its 5-month downtrend and returning to the next significant resistance fib level @ $96.
NFA, just my own opinion based on personal research.
Innovation
PLTR don't fail me now!NYSE:PLTR
Daily Chart
EMA (Exponential Moving Average): 20 EMA is yet to cross the 50/100/200 EMA... For longterm buys, this is still in the buy zone although this means that the stocks hasn't recovered from the death cross (50 EMA crosses the 200 EMA).
TTM Squeeze: Squeezed ! Momentum is behind the stock... Working to fill the gap down from Feb. 16th.
Fib Levels: Smooth sailing from 0 fib to 1 fib ($10.27 to $13.02). Having trouble holding above the 1 fib . Would it fall back to the 0 level or go parabolic? That is the question. Facing strong resistance at $14.28 and at the next fib level ($14.85). This stock is practically facing a lot of resistance all the way to $29.29
Candle Stick: Summary of last 5 candles equate to a bullish movement. Bullish Pin Bar although ending red isn't too bad...
Pattern: Do you see a double bottom (feb 24th and Mar 15th)? In general, PLTR is still in a falling wedge. Will this double bottom be what reverse the pattern?
News: Sigh, no matter the news, good or bad, this stock just seems to want to trend down.
History: The last 2 earnings have resulted in a downward trend even with great numbers. Everyone and their mama is talking about this stock... Maybe the Wall Street Bets community will bring about a squeeze someday.
Company is worth Trillions with no debt, Great Enterprise customer base but the stock is tanking... hmm...
Civintas $CIVI, innovation is not always creating thingsCivintas Resources Inc. is in the Oil & Gas Sector, centered in the Exploration and Production Industry. It should benefit from the current uptrend of oil prices NYMEX:CL1! .
I mentioned innovation because the company is set to "clean up dozens of wells orphaned by others". The state of Colorado has granted this new startegy for NYSE:CIVI to "work hand in hand with landowners and local communities to restore former well sites". This may because of their strategy to protect Colorado’s groundwater resources.
They perform Horizontal Drilling but before, they install multiple layers of cement and steel casing and then performs pressure tests on the well casings. This is a good story funds might see to buy this stock.
Today the price emerge with a strong breakout from a flat base. The base has a 11.48 points of height, TA rules state that the target price after the breakout is to add that up the base, that is at $70.63.
The breakout from today has a gain of 7%, that is far from the pivot so I won't chase it. Also the volume isn't that great. So, as I didn't buy yesterday, I'll wait for a throwback to the previous resistance line and buy there. If it doesn't happens, I'll wait for another opportunity.
The most significant decline in ARKK's historyToday we will take a look at ARKK. The main element we have to comment on is the current decline, the biggest in the ETF history.
The current drawdown is at 51%, and we have three other situations in the past where we observed declines of 30% or more.
Here are some key ideas you can use to increase the odds of engaging on a successful setup on the ETF, assuming that eventually, we will have a new bull run.
* AVOID trading below the descending trendline . A trendline is telling you something "above assume X, below assume Y" in this case, the price is clearly below the descending trendline. Therefore we should avoid any type of swing setup mainly because there are no signs that the current bearish trend has finished. If we have to take a really bad scenario for the ETF based on the current technical elements, we can observe a -60% decline with a major bearish target on the highs of 2020.
* Study the 3 previous scenarios . IF you want to catch the next massive movement of the ETF, then you need to study how the transition happened in the past, where the price was on a severe drawdown, and then we saw new impulses. So, if you want to understand what's going on, start studying the previous 3 scenarios and look for patterns.
My current view is that assuming the trending characteristic this asset has, I'm more than interested in developing swing setups here. However, at the moment, I'm WAITING; my two filters are:
1) The price has reached the major bearish target at 62-61 (start thinking in bullish opportunities)
2) The price is getting close to breaking the descending trendline (start thinking in bullish opportunities)
Thanks for reading! Feel free to share your view in the comments.
$ARKG - Weekly TF AnalysisThe macro count is pretty clear. We're below the 38.2% fib of the impulsive move from the covid lows, and approaching the 50% fib as well as the bottom of the channel. The weekly RSI is lower then even the covid lows of march 2020. In fact the RSI hasn't been this low since inception in 2016.
As with all of ARK's ETF's these are long term plays. If you want biotech exposure, this is a great time to buy this ETF.
Ask yourself, do you think the healthcare industry is likely to be more profitable over the next 5 years or less profitable? Do you think innovations in gene editing, DNA sequencing and mRNA technology is going to increase or have we peaked in this era of perpetual covid?
$ARKK - Weekly TF analysis-Primary W4 target zone (38.2 - 50)
-Nearing channel bottom
-Reached 1st fib target for Y leg of W4 (-23.6)
-Confluent support of 38.2 fib and channel bottom
-Weekly RSI at march 2020 covid lows
-Downside risk defined at 72.50
From the looks of it, we might be nearing a bottom on growth stocks. Keep in mind this is a weekly chart so if we do continue down, it could drag out for another few weeks. However, downside risk is defined at the 50% fib, at 72.50.
I would start building a position from here and continue building as long as ARKK is above 72.5. ARK's time horizons are 5 years, and market jitters will last 5 months, maybe a year if we're really fucked.
Ask yourself, did Cathie Wood and her team suddenly become stupid over night, or does the market work in cycles?
SP 500 Stocks Trending Bullish. Warning sign of recessionHi! 2021 was uptrend year for Stocks, despite global pandemic. It seems like US stocks will continue to rise in Q1 of 2022, because of location of rising channel resistance, I expect high at 5200-5400ish range. After that I think price should make a rebound to close the gap at $4000, this would be triggered by some economic disaster or ideology shift.
Stay positive and don't lose focus on your investment plan.
Every big dip in Stock market is an opportunity to change your life.
Best regards
Artem Shevelev
Trading plan on BYND | A key name in the Plant-based industryToday we will talk about Beyond meat!
There is a curious thing about this chart , and that's the dynamic support it has been working on since Jun 2020. We have been observing several contacts since that date, and it tends to respect it pretty well.
Alright, nice line, but what then? Okay, the idea here is either the price has already made contact with it or is close to making it. AND it may be a relevant situation to start thinking about bullish setups.
As you may know, the way we trade is about looking for similar situations to the current one and creating a model on WHAT we want to see before risking one single dollar. Here are our conclusions:
-The price is making contact with a relevant dynamic support level
-The price is inside a descending structure
-IF we have a clear breakout of this structure, we want to observe a corrective pattern with similar proportions as the ABC draft we made on the chart. This is a similar sequence that has been happening since 2020
Do you want to know whats the best thing about trading this way? If the price does not make the filter we are expecting; I don't give a..... because I don't trade it, and I will be paying attention to other charts that have moved accordingly to the expected filters.
Under this method, the only guarantee you have is that when the price makes what you are expecting, you know you are in front of a high-quality situation. The bad thing about this method is that a lot of ideas will not happen as expected; that's why patience is extremely important. But if you learn how to become patient is an excellent way of trading, and a massive edge against investors that lack patience.
Thanks for reading! Feel free to share your view and ideas about the post of the chart in the comments box.
Make a $WISHTechnical:
The has recently been on a downward trajectory. A strong descending triangle pattern is forming. If the stock finds the strength to push through to the upside the stock could reach its previous stock price of the high 20s or low 30s. Good risk-reward to the downside as lower support is in the mid 7 range.
Fundamental:
E-commerce is the future. Powerhouses like Amazon have paved the way for the growth of the industry but there are new players in town. WISH has set up infrastructure to directly source products from China and other low-cost manufacturers. This makes them significantly cheaper than the alternative, a direct competitive advantage. Furthermore, the e-commerce industry is booming. COVID-19 has only accelerated the rapid pace of technological change as next-day delivery and contactless delivery become the standard.
All Star Managamnet Team:
Piotr Szulczewski - Founder and CEO
Mr. Szulczewski is our founder and has served as our Chief Executive Officer since July 2010. Prior to founding the Company, Mr. Szulczewski served in various positions at Google, Inc., a technology company, including as a technical lead and senior software engineer.
Jacqueline Reses - Executive Chair
Ms. Reses was appointed Executive Chair in May 2021 and has been a member of our Board since December 2020. Previously, she served as Executive Chair of Square Financial Services LLC and Capital Lead at Square, Inc., a publicly traded financial services company that provides payments, point of sale, and cash flow management services to small businesses and consumers, from October 2015 until October 2020.
Farhang Kassaei - Chief Technology Officer
Mr. Kassaei has served as our Chief Technology Officer since July 2021. Prior to joining the Company, he served as Senior Director of Software Engineering at Google where he oversaw the development and roll-out of commerce capabilities across its core product suite, including Search and YouTube. Mr. Kassaei previously spent more than 10 years at eBay Inc. where he held multiple leadership positions, including Chief Architect for the core marketplace.
Tarun Jain - Chief Product Officer
Mr. Jain has served as our Chief Product Officer since August 2021. He served as Director of Product Management at Google from 2017 to 2021. At Google, he incubated and led the development of Discovery Ads, bringing inspirational and engaging commercial ad experiences to YouTube, Gmail and Discover.
Devang Shah - General Counsel and Secretary
Mr. Shah has served as our General Counsel since February 2018. From August 2010 until April 2017, Mr. Shah served in various positions at Zynga Inc., a game development company, most recently as General Counsel, Secretary and Senior Vice President.
Trading Plan for the breakout on ARKK - Statistical ApproachToday, we will explain our trading idea on ARKK.
What are we observing right now? The price is inside a descending Wedge pattern (106 days correction), and we are observing possible signs of a breakout happening soon. We can see a clear support zone that the price could not break, so we expect a bullish movement towards the next resistance zone at least.
How are we planning to trade this movement? We are waiting for 4 daily candlesticks, at least on the edge of the wedge pattern. (Currently 3) After that, we will set pending orders above the structure, and we will wait for a new local high for an execution. The optimal scenario would be to see a retest of the white curve.
Ok, but why did we chose 4 daily candlesticks and not 7 or 9? Good question, smart guy. Let's take a look at the next chart
Here we have defined ALL the corrective patterns that were ABC clear structures with a duration higher than 50 days at All-time highs level. The conclusion is that after we have the first breakout attempt, we observe a 4 to 8 days correction (daily candlesticks on the edge of the broken pattern) and a new local high as an execution level has been working really well to provide Great setups with huge risk rewards ratio. OF COURSE, the setup failed several times, this is a statistical approach to taking setups, and we should be open to a new fail here. However, our approach is taking good bets in terms of Win rate and R/R ratio. (this means taking several setups to start observing an edge)
The risk we are planning to take on this setup is 1% of our setup, move our stop loss to Break-Even on the next resistance zone, and we will look for a 1 : 10 R/R
Thanks for reading!
Xpeng: Is now the time? 🤑🤑🤑A lot of you have asked for an update of our Xpeng analysis. With the ongoing testing oo the resistance at $37.50, we are at a crucial stage of the price development. If the price is able to hold this level now, we believe that the way is paved for a strong bullish run. Also, we have adapted our price target for wave 3 in green, as we set it to $109.25 - $118.93. So, the expectation is still extremely bullish, but it remains to be seen whether we can stay above $37.50.
Don’t miss this chance!
Capital inflow on Vinco Ventures after the covid lockdownVinco Ventures also known as Edison Nation is a small but innovative company that deals with finding a market place for new ideas and products.
Unfortunately in the period of the covid as a result of the repeated lockdown and impossibility for the people to move its turnover is drastically dropped and the interests on their actions are quickly extinguished.
Now that the worst seems to have passed they seem to return on the stock capital inflows by large investors, this obviously could lead to a rapid increase in price.
Thanks to the indicator Mmiracle Viewer the advisor Marketmiracle has provided days ago an input signal on Vinco Ventures which unfortunately I notice only now, indeed I thank Ludovico ( a user of a group where we talk about stocks to have pointed out )
The entry forecast by the advisor was at 3.14 usd for a target of 7.78 for a potential profit of over 148 %, now the price of has already moved so the potential profit has been reduced by a little but it is still a good opportunity.
From the report of a site that I use as a reference for the analysis of the fundamentals of the companies it turns out that in the last few months there have been several insider trading that have acquired shares of the company, index of the fact that their heart has begun to beat and the turnover go up, I wouldn’t be surprised by a quarterly with a very positive surprise.
Analyzing the chart I see that the title has risen quickly and is retracing the climb but the marketSentiment is still very good so it should not be long the wait for the new climb, I expect a price action similar to the one drawn.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
XMR/BTC Atomic Swaps a major bullish technical developmentXMR can now be traded directly to Bitcoin without an intermediary exchange on their native Blockchains using a technology called an Atomic Swap. This differs greatly from other so called swap platforms that only allow internal trading between ERC20 tokens, the major difference being that the XMR/BTC swaps are trading actual coins with their own blockchains not wrapped coins or some other semantics. This has a few major implications for the future price of XMR we will explore in this analysis.
1. XMR/BTC Swaps are being added to both XMR Wallets such as Monerujo as well as popular Bitcoin wallets such as Samurai wallet. Greatly expanding the exposure of Monero to many BTC users who will be learning about its competitive features for the first time so we should expect some uptake of Monero from simple exposure as well as the low cost and ease diversifying some BTC to XMR. Many users find getting Monero more difficult than other tokens because exchanges like Coinbase do not list it even though they would like to have exposure.
2. This technology increases the regulatory resilience of privacy tokens because now anyone with XMR can get BTC and vice versa easily so banning privacy coins has no effect unless you ban all coins which can be traded for privacy coins through atomic swaps. Regulators have to balance the need to trace all transactions with protecting users against having their information exposed to bad actors and front runners. Monero has the ability to be semi transparent so users can pay taxes audit balances without giving everyone access to the sensitive user information. Monero will provide users the important protections they deserve and push regulators to take a balanced measured approach.
3. Monero fees are significantly lower than Bitcoins fees which means in any situation where both BTC and XMR are accepted users would be inclined to use the XMR to save the large fee. XMR is the only POW coins with such low fees and no ico, dev tax, pre mine, masternode, presale where in Monero everyone mines equally ( a key to bitcoins success and the thermodynamic underpinnings of the economic system ) which will in turn incentivize users to pay with Monero not Bitcoin.
4. It is cheaper for users to HODL Monero and convert it to Bitcoin where necessary than to HODL Bitcoin and convert it to Monero when necessary. Imagine Bob wants to buy steam cards and the site accepts both BTC and Monero. Bob realizes that when he pays with BTC his transaction fee is almost $20 and that when he pays with XMR his transaction fee is more like $0.2 but another site that Bob uses frequently accepts just Bitcoin. Bob realizes that if he keeps his money in Bitcoin it will cost him a high transaction fee every time he wants to convert it to Monero so he would never save anything by using Monero to buy his Steam cards because hed have to create Bitcoin transactions which defeats the point because now your paying $20 to convert the BTC into XMR and again to send the XMR to the merchant. By contrast if he keeps his money in Monero he will save where Monero is accepted and it will cost him just $0.2 to convert his Monero into Bitcoin when he needs or wants to.
5. Tari is a platform for issuing tokens ( like erc20) as an XMR sidechain. The atomic swaps will allow for easy conversion between Monero, Tari based tokens and Bitcoin without an intermediary. Most token platforms will be inclined to convert their platform over to Tari from ETH or Binance because its far more decentralized, easy to convert to both BTC and Monero, the tokens can be private or transparent and the transaction fees are much lower than ETH gas.
This also applies to Monero based alt coins such as WoWnero which can adopt the swap technology as well. ( If you use alts look for ones with no dev tax, presale, ico, POS, premine but rather a coin which everyone even the creators mine equally )
On Zoom, the Corrective Pattern is absolutely finished We have been watching closely zoom for the last weeks looking for the breakout of the massive corrective pattern we are observing right now. After 225 days, the price has tested both sides of the structure, mainly the lower zone. Based on that, we are getting ready for the breakout.
Generally speaking, it is not a good idea to trade a direct breakout of these massive structures. The main reason is that fake-outs are common, and if you are a breakout trader, one of your objectives is to avoid low-quality scenarios as much as you can. For that reason, we have defined a bullish scenario we will be waiting for.
Bullish Scenario: If we observe a breakout of the corrective pattern, we will be waiting for a retest of the broken structure or the resistance level. The formation we want to see must be formed at least for 5 daily candlesticks. Finally, we will trade, as you can see on the EXPLANATION chart. From there, we can aim at two targets, first the next resistance zone and second the previous ATH zone.
Expected Time: If everything goes as expected, we may see a 20 days movement towards the first resistance zone and 50 days towards the new ATH (take these two numbers as approximations)
Bearish Scenario: If the price cannot break the corrective pattern and the resistance zone, we may see a bearish movement towards the next support zone, around 250 - 240. We are not interested in developing any short setups here.
Thanks for reading; feel free to share your view or trading plan in the comments!
Return purchases on intel by corporationsThe interest of the corporations in a large number of technological actions had suddenly been exhausted, probably due to profit-taking in relation to the previous strong rises.
Instead, the interest from these categories of investors seems to return and in fact the advisor immediately gave a LONG signal at the price of 57,72 USD with a target of 63,23 and a potential profit of 9,56 %
The title graphically seems to be consistent with what reported by the advisor, in practice would return after a head shoulders overturned about the previous levels... nothing new then but an excellent opportunity for a possible profit.
Also intel seems undervalued from a price point of view according to some of my reference sites.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
BFLY HITTING SUPPORT - $20 PRICE TARGETBFLY - Current Price $ 10.23 Price Target (short-term) $12.50 Long Term $20
This company created an Ultra sound that is hand held and can give you the same images and accuracy as the ones in use in the USA. The best part about the innovation is the cost reduction. These cost under 3k while most ultra sounds cost a million +. This innovative tech will be used to bring this technology to poorer developing countries. Just reported $0.57 EPS last quarter on an annual basis that would be a PE of 4.5x which is cheap given the growth prospects for this company. Looks great on the chart as we are seeing a double bottom off that $9.80 level. Long shares and calls here.
Trading plan on ZOOMToday we will analyze zoom, and we will provide the setup we will be waiting for in case we observe a similar price action.
Important items:
a) The price has been on a Descending Wedge for 170 days (corrective pattern).
b) Currently, the price is supported on an ascending trendline + Lower trendline of the Descending Wedge.
c) If the price breaks the ascending trendline, we can expect more bearish pressure towards the next support zone at 235.00
d) If the price cannot break the ascending trendline, we want to wait for a breakout of the wedge pattern. After that, we will look for a throwback (retest of a broken zone)
e) With all the previous conditions, we will trade above the throwback, and we will set our stop loss below it. The minimum risk-reward ratio we are looking at on this setup is 3.5
Thanks for reading!