HOOD trade ideas
$HOOD monstrous bounce coming, falling wedge forming here.$HOOD looking for a very aggressive bounce out of this falling wedge setup, the stock has declined from 85 trading at 18 with shorts piled in the sp will be quick to squeeze higher out of demand we're forming. Still in range so be patient but when it gets going im targeting a move to 25 quickly, from there we can base and expect higher in my opinion. Feb calls a safe bet, of closer exp when we break the wedge. Can go further out to play leaps as well.
HT: The end of the downtrend for HOOD?Robinhood has been struggling since its IPO. At Human Traders we've been analyzing live on Youtube that there will be a reversal anytime soon, then we're monitoring the stock closely. Best entry? After a big correction in the market (see S&P 500 chart). Now it's not a bad moment to buy the stock, but we prefer to wait for a confirmation of the trend reversal. The same applies for other stocks such as: Victoria's Secret, Oatly, Bumble, Deliveroo...
Buy Robinhood Soon, Turn Around RallyBottom is nearby maybe 33, or fomo in now
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HOOD
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I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision, or contact the specialists’ institutions. Thank you
HOOD - ROBINHOOD BOTTOM - BE READYAll,
First off I hate Robinhood as a trading platform and what they put their users through. However, supply and demand do exist. I think for sure $17ish on RH here is a for sure bounce. Maybe a little sooner depends but all downtrends end in the $17ish range. Add alerts around 19-18-17 and just watch it.
#HOOD Robinhood Stock - +20% move comingToday I am reviewing the 1D (daily) chart for Robinhood (HOOD) on a linear scale.
In the chart I noted:
1) The price is shown inside a parallel channel since August 2021 when the the price had a major drop.
2) I am showing a prior fractal as noted in the red oval for the upcoming price. The fractal top price of $37.62 is in line with significant resistance as shown on the Volume Profile (VPVR).
3) The RSI (relative strength index) is now oversold and about to touch the bottom trend line of the parallel channel. This may move upwards helping the price rebound.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk