Cathie Wood's ARK Fund Sells Alibaba, Buys Coinbase and Palantir

News indicates a major investor has exited Alibaba, which could be perceived negatively in the short term. Technical indicators confirm selling pressure: RSI at 24 is in oversold territory, MACD is below zero and below its signal line. The price is trading below both the 20-day and 50-day moving averages. A sharp decline of 7.4% in the last 24 hours shows negative momentum. The downtrend is likely to continue in the short term.

Cathie Wood's ARK fund's purchase of PLTR can be interpreted as a sign of institutional interest and a potential vote of confidence. Technically, the RSI at 45.6 is in neutral territory, and the MACD is above the signal line, indicating potential for a short-term recovery. Although the price closed above the 20-day SMA, the 4% decline in the last 24 hours and its position below the 50-day SMA warrant caution. While the news flow is positive, technical indicators have yet to give a strong bullish signal. Therefore, only a limited upside can be expected.

Cathie Wood's ARK fund has purchased Coinbase, indicating ongoing institutional interest, which could serve as a positive catalyst in the short term. Technically, the price closed just above the 20-day moving average (148.02), which may act as support. The RSI is neutral around 46, while the MACD has crossed above the signal line, suggesting momentum could turn upward. However, the 5.9% decline over the past 24 hours and the price remaining below the 50-day moving average (157.82) warn that upside may be limited. Overall, the news and technical indicators offer slight upward potential in the short term.