Technically, 
HOOD is poised for a breakout, which could unlock 40%+ gains initially (+ potentially 60%+ later - but it's too soon to tell).
Catalysts: trendline support, above 50 SMA, crypto momentum, strong financials.
Watching for confirmation:
1. Breakout from the rising channel
2. Overcoming 15$ resistance
HOOD is poised for a breakout, which could unlock 40%+ gains initially (+ potentially 60%+ later - but it's too soon to tell).Catalysts: trendline support, above 50 SMA, crypto momentum, strong financials.
Watching for confirmation:
1. Breakout from the rising channel
2. Overcoming 15$ resistance
Note
A small idea title correction- it's a 125% combined move from the current pointNote
Observing the formation of a potential bullish flag.I increased my position at $11.6 with the expectation of a retest.
However, after the recent upper channel rejection, I'll manage risk cautiously and only add further if price action dips closer to the channel bottom.
Trade active
Found support at 50 SMA & trendlineEarnings beat (+16%), cup & handle forming
Ready for further upside
Trade active
First target reachedTrade closed: target reached
After a volatile 5 months delay, closed the position at $26
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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.
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.