ARKQ BIG POTENTIAL BUY/LONG INCOMING 63.50 to 140.00 by Mid 2022
TICKER CODE: ARKQ Company Name: ARK ETF TR AUTONOMOUS TECHNOLOGY & ROBOTICS ETF Industry: Markets US Stocks Miscellaneous Investment Trusts/Mutual Fund
Position Proposed: BUY
Entry: NOT READY (63.50 - 65.50) 1st Partial Take Profit: 140.00 (Mid 2022) 2nd Partial Take Profit: Hold Positions till further advised
Note that timeline buffered, I would expect Full Take Profit by Early 2022
Stop Loss: 55.5
Technical Analysis 1. Large Flag Pattern Forming (Nearly Completed) 2. Fibonacci Retracement at 0.786 ( Silver Zone) 3. Area of Confluence on the horizontal key level and flag trendline 4. 1st Take Profit will be at Fibonacci Expansion 1.618 Zone Take Profit and Flagpole Length