In US stock market, the index NASDAQ and Russell 2000 having a biggest correction since 2020 Mar.
And most of the new economy stocks dropped more than 20% like TSLA, SQ, PYPL etc....
Many people said ARK investment and Cathie Wood is bad/dead now....
Therefore, I would like to show my ARKK trading plan here.
For ARKK, it dropped more than 50% in only 14 trading days.
The 50MA, 100MA all broken, that's crazy....
However, I see there have some support around $110 - 112. (next support is around $104-$105)
This is the Fib Retracement 0.618 + 150MA support level.
Therefore, I bought few ARKK around $111.5.
Actually, the new economy stocks market still not great now and we don't know is that the correction completed or not....
So I would set my stop loss if ARKK broken the 200MA because it mean the uptrend is ended.
Please consider and control your risk in this hard penny market.
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
And most of the new economy stocks dropped more than 20% like TSLA, SQ, PYPL etc....
Many people said ARK investment and Cathie Wood is bad/dead now....
Therefore, I would like to show my ARKK trading plan here.
For ARKK, it dropped more than 50% in only 14 trading days.
The 50MA, 100MA all broken, that's crazy....
However, I see there have some support around $110 - 112. (next support is around $104-$105)
This is the Fib Retracement 0.618 + 150MA support level.
Therefore, I bought few ARKK around $111.5.
Actually, the new economy stocks market still not great now and we don't know is that the correction completed or not....
So I would set my stop loss if ARKK broken the 200MA because it mean the uptrend is ended.
Please consider and control your risk in this hard penny market.
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
注释
Bullish reversal for ARKK!I'm still holding it
交易结束：到达目标
Sold on $127.2
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。