5 TOP ARKK Holdings

An Analysis ..

Folks:

I wanted to do a quick analysis on TOP ARKK holdings and see if they pass smell test for me to dip my toes in it at these levels. Remember this is not a recommendation to buy or sell or do any thing BUT simply my analysis, opinion and 2 cents that what these could do next…

Drop me a line below what you think and if you have any other insights to add to this. This is strictly a technical take on where these stocks are without considering other factors such as macro and valuations which tend to carry a lot of weight as well.

For illustration purposes I used weekly charts in all of these names, which are courtesy of Ninja Trader. I am simply an end user and they own all rights and copy rights !

If you are super brand new to volume profile , this post will feel very greeky to you. I recommend you read below 2 posts before you proceed:

Terms and Definitions

Volume Profile 101

Let us dive right in !

Zoom ZM

Last traded 144.

My take? I am avoiding it at the moment, expecting prints into 119-122, as I think what I need to see is not happening yet, which is A) A few more weeks of consolidation B) A D1 close above 156.

TDOC

Last traded at 74 bucks. I like this stock around 70-72 . I believe this is better of the average ARKK stock. If I am right then the prior weekly VAH at 72 dollars may offer some support.

SOFI

Payment space is very crowded and may see some consolidation- which may not be bad for a smaller stock like SOFI. However IMO the technicals looks weak and I will feel more confident in SOFI if it traded back above 13 bucks which is last week’s VAH. Now about 12 dollars.

ROKU

Streaming. Ugh. This is one of those names which have a pretty chart but streaming space is so crowded right now, it is dog eat dog. They had a good Friday but I am gonna avoid it , possibly another test of the lows at 145. Now 160.

COIN

Coin chart looks pretty too. In totem-pole of ARKK Holdings, I will place COIN on same pedestal as TDOC in terms of quality. Trading 190 right now.

So to summarize, here’s my opinion:

ZM 😑 ❌

TDOC ⚠️

SOFI 😑❌

ROKU 😑❌

COIN ⚠️

Not the best time for me to look into these yet, but I definitely have enough interest in TDOC and COIN to keep watching them and see some sort of bottom emerge. It’s not today but could be soon.

This is it from me for now. Do you like any of these names?

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~ Tic

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Disclaimer: This newsletter is not trading or investment advice, but for general informational purposes only. This newsletter represents my personal opinions which I am sharing publicly as my personal blog. Futures, stocks, bonds trading of any kind involves a lot of risk. No guarantee of any profit whatsoever is made. In fact, you may lose everything you have. So be very careful. I guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. Owners/authors of this newsletter, its representatives, its principals, its moderators and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission, CFTC or with any other securities/regulatory authority. Consult with a registered investment advisor, broker-dealer, and/or financial advisor. Reading and using this newsletter or any of my publications, you are agreeing to these terms. Any screenshots used here are the courtesy of Ninja Trader, Think or Swim and/or Jigsaw. I am just an end user, they own all copyrights to their products.