Nothing but air
Robinhood IPO'd during a period of dovish monetary policy and high retail speculation. It shortly after giga-nuked as retail speculation wrapped up to find a bottoming range between $6-$12 for a period of 2 years. The volume shelves are actually insane.
Whats next?
Robinhood has broken out in orderly fashion, but has not seen a parabolic rise yet.
A old narrative will likely drive Robinhood into price discovery - Speculation on the return of speculation.
These trends play out faster each macro cycle.
Jun 21 17C
Whats next?
Robinhood has broken out in orderly fashion, but has not seen a parabolic rise yet.
A old narrative will likely drive Robinhood into price discovery - Speculation on the return of speculation.
These trends play out faster each macro cycle.
Jun 21 17C
Note
So far so good. Exited my calls around 21 dollars. Bought more shares. Wouldn't be surprised if we correct to the 20 dollar range in the short to mid term. That dip would be for buying as we work our way back to the IPO price
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.