I Speculate ARKK will Outperform Again

tomthetrader1
12-07

$ARK Innovation ETF(ARKK)$ I like ARKK here 82.

If the melt-up is back on, I speculate ARKK will outperform again.

For context, April through October ARKK delivered major outperformance against the SPY, QQQ, and IWM.

If the melt-up is back on (it is still an if imo) I see no reason why this outperformance trend does not win in the final melt-up phase.

If the melt-up fails, the trade is risk managed by 79, and more importantly the 50-day moving average. This trend does well to support sustained advances.

ImageImage

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Technical Analysis
Here is the place for you to discuss & learn about technical analysis.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment