Robinhood Markets, Inc.
Long
Updated

HOOD EARNINGS CHART, THE LITTLE FEATHER THAT COULD

991
Hood potential earnings chart.
I labeled the important stuff within the chart.
There is a big trend line that I don't think will hit because it takes price down to $3, which I guess is theoretically possible.
I think 8.45 is a more real price and if that price hits, it seems the price can get up to $13.
It can also go the other way, upside first to $13.
I drew a small guideline for a potential path, but there are many, focus on the price targets and trends.
And again, 8.45 is a really strong price support target.
Good luck.
Note
Forgot to mention, price target is 22 and then 33 on the higher side. You'll need a new chart within a few weeks though.
Note
Remember, a breakout can occur on on that trend line it just hit, which could take price up to $13 and then it can even go higher should it want.
I still think we are likely to see the $8 range in the future once this move to the upside is over.
Note
This is the breakout to $13. Potential to see retracement coming from here. Potential to see more upside.
Note
I wouldn't risk the buy into this level. I'd either decide on being short or just wait for a better entry opportunity even if I miss out on more upside.
Note
shoulda risked the buy into that level, eh. lololol
I actually didn't pay attention to this chart close enough or I feel like I would have seen the confirmation on trend.
Sorry if you missed out because of that.
Good news, short position entry potential coming up at $21-$23
WHERE ARE MY PATTERN PEOPLE AT?
This is bullish, no?..
snapshot

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.