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Let's Discuss Averaging In Using the ARK Innovation ETF as an Example

Let's discuss ARK Innovation Holdings, averaging in, and share price models of gurus.
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ARKK Innovation ETF weekly chart courtesy of StockCharts.Com

ARKK Innovation ETF weekly chart courtesy of StockCharts.Com

The blue dotted lines in my chart are technical support lines. 

ARKK Milestone 

I do not think Cathie Wood is a fraud. But yes, the bear market will sink a lot of guru's before its done.

Doubling Down on Dumb

ARKK Innovation Holdings

ARKK Innovation Wheel

Question of the Day

How many of those companies will not survive?

Averaging In 

If you started averaging in at 40 or even 30, adding every month you have not exactly done very well. 

Where's Monthly Support? 

ARKK Innovation ETF weekly chart courtesy of StockCharts.Com

ARKK Innovation ETF weekly chart courtesy of StockCharts.Com

ARKK is close to support at 37 right now. 

Beneath that there is technical support at 32 then 17 or so. If that fails, there's always a complete round trip to 13.69.

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ARKK Top 10 Holdings

ARKK Holdings Courtesy of MarketWatch

ARKK Holdings Courtesy of MarketWatch

The fate of ARK rests with the the stocks 

Ark Open Source Model Predicts Tesla Shares Will Hit $4,600 by 2026

Not to worry, Cathie Wood says Ark Open Source Model Predicts Tesla Shares Will Hit $4,600 by 2026

Looking even further ahead to 2030, Wood predicts a share price of about $22,500 equating to a market cap of roughly $22.5 trillion.

US Real GDP in 2021 was $19.8 Trillion.

ARK is predicting the valuation of Tesla will exceed the entire US real GDP by the early 2030s.

Yes, this is more than ridiculous. It also says something about guru price models.

This post originated at MishTalk.Com.

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