Get ready for funHood setup is glorious. I've outlined a few areas to add on a pullback (green horizontals), i'm hoping this happens sooner than later. Does it have to test these? No, not really. Either way this setup looks primed to a move to $70.
4HOOD trade ideas
Stock Of The Day / 01.17.25 / HOOD01.17.2025 / NASDAQ:HOOD
Fundamentals. Positive analytics and target price increase from Morgan Stanley.
Technical analysis.
Daily chart: Exit upward on increased volume from a two-month price range.
Premarket: Gap Up on moderate volume. Premarket high 48.00 stopped the upward movement.
Trading session: The first attempt to breakout the 48.00 level after tightening to the level was unsuccessful, then the price made a significant pullback, but then continued to tighten and froze into a very narrow range under the level in the period 11:30 a.m. - 11:50 a.m. In case of a breakout, we are considering a long trade to continue the upward movement.
Trading scenario: #breakout (#squeeze) of the 48.00 level
Entry: 48.06 aggressive entry into the breakout.
Stop: 47.89 hide behind the range below the level and behind the round number 47.90.
Exit: Close part of the position around 49.04 after the second unsuccessful attempt to breakout the level of 49.20. Close the remaining part of the position at a price of 48.95 when the structure of the uptrend is broken.
Risk Rewards: 1/5
P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information .
Robinhood Fib CirclesNASDAQ:HOOD
$51 or $52 seems to be nice high point of this range the stock is in. Next ranges are high 50's.
Comment what you think about this chart.
Comment any tips or suggestions.
NASDAQ:HOOD
$HOOD - pattern breakoutHOOD - seeing another stock with key resistance level break of $43.20. Stock is breaking out of consolidation zone. calls added in group. looking for $50 on this one. Stock is strong on indicators and has more upside
$HOOD - Breaking outNASDAQ:HOOD is breaking out from the ascending triangle. The $49 area is the next target.
I added new targets to the chart. Let's hope we hit all of them.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Hood looks good!Hood has that look! If $37 level holds i think hood sees bullish continuation to the $45 area. I would use caution if the price dips below $37 for multiple days, there is not much in support until the high 20s. Personally i would sell 1/3 of the position if this happens, and i would also sell 1/3rd if we trade up to $44-45.
Using levels calculated using options data to tradeThis is an example of how to use the indicator I built.
I mentioned IV without explaining that it's the "Implied Volatility". Higher numbers indicate that options contracts are more expensive. Reason why I mentioned PLTR is a great candidate to sell covered calls.
Another thing I didn't mention is that the indicator is fully compatible with Pine Screener, allowing you to find tickers where price relative to the walls meet several conditions.
Sorry, I started with PLTR and ended with HOOD, so it's showing HOOD.
IMPORTANT: My explanation of how market makers work is a very simplistic one just for people to understand. Not very accurate, I know.
Enjoy!
HOODHood retrace to $34 for wave 4 less than 38% retracement.We headed for wave 5 $47.75 plus target .
HOOD 5/10/2022HOOD
This HOOD will be snipped
HOOD is currently in an existing downtrend.
I reached All-time lows in Jan.’22 and has been moving sideways between 10.86 – 15.14 since.
April ’22, price broke down from range signaling continuation of downtrend.
Price then pulled back to previous support at 10.86 and rejected it turning previous support into resistance.
MACD is in bearish territory and has also cross its signal bearish.
This is my cue to enter trade short.
Entering trade short.
Entry: 9.27
Stoploss: 11.23
Target: 6.58, +28.85%, 1.35 RR ratio
Robinhood TP 23- 33 After earnings ? Reasons Why !!
In Q4 2023, Robinhood’s net revenues increased by 24% year-over-year to $471 million.
This growth was driven by higher net interest, transaction-based, and other revenues1.
The company reported net income of $30 million, a significant improvement from the net loss of $166 million in Q4 20221.
Adjusted EBITDA rose to $133 million, a 62% increase year-over-year1.
Customer Growth and Assets Under Custody (AUC):
Funded Customers increased by 420 thousand year-over-year to 23.4 million1.
AUC surged by 65% year-over-year to $102.6 billion1.
Market Expectations and Confidence
Robinhood’s ability to turn a profit in Q4, coupled with its record annual revenues, suggests that its strategic initiatives are paying off. The company’s innovative features and strong financial performance have instilled confidence in investors.
Remember that stock prices often respond to earnings reports. If the market believes a company is performing well, stock prices tend to go up. Conversely, if confidence wanes, stock prices may decline2.
Keep an eye on Robinhood’s upcoming earnings report on Wednesday, May 8th, 20243. It will provide further insights into the company’s performance and may impact its stock price.
HOOD Long...I recognize a move into a bull flag, a test of the 21EMA before breaking out of the flag, and anticipate that a measured move will result in a $55 TP.
Trading JournalBought as it bounced post earnings from the 50 ma, sold as it is extended and closed below the 10 ema
Robinhood daily/weekly close above this level and we pump more?Looking at the weekly chart, the last time we were this high was November 21. Is it possible we go to ATH and above with crypto pumping as well? I am looking at a daily close above 35, after that we go to 40 and breaking it with strength should be time for ATH.
Corrective Waves and Solid Buisness ModleAs much as I hate what this company has done to cheat it's customers to protect its crony's, it has a solid buisness model. People forget and there is always a new crop of traders.
With thier latest futures bets and apr payouts, they are making this a decent platform for retail trading. They are making money hand over fist on thier loose slippage and running there own bucket shop.
On a technical side, it's in a strong up trend with a corrective wave happening in the next day. As long as it doesn't oversell then I see it continuing up to 45.00
Robinhood Markets. Following the footsteps of Roaring Kitty
Keith Gill, the YouTube streamer known as Roaring Kitty, made tens of millions of dollars in a day from the GameStop meme stock.
YouTube blogger Keith Gill, known as Roaring Kitty, earned a paper profit of $79 million in one trading day from the growth of shares of the GameStop video game store chain, recently wrote CNBC. During trading on Monday, June 3, GameStop shares rose by 21% and closed at $28 per share.
On Monday, June 3, Keith Gill took to Reddit to share what appears to be a screenshot of his investment portfolio. The blogger revealed that he still holds 5 million shares of the video game store chain GameStop and 120 thousand call options on the stock with a strike price of $20 and an expiration date of June 21. Gill's bet on GameStop netted him an intraday profit of $33.6 million from stock gains and $54.3 million from options. As a result, these positions increased in value by $79 million.
A day earlier, Keith Gill posted on the social network Reddit a screenshot of the portfolio, which shows 5 million shares purchased at $21.27 per share and 120 thousand call options purchased at approximately $5.68.
A call option gives the buyer the right to purchase an asset at a fixed price on or before a predetermined date, and creates an obligation for the seller to sell it when requested. By purchasing such an option, a trader or investor takes a long position - long. It is opened in the hope of making money on the rise in the price of an asset, such as a stock.
If GameStop's stock price rises above $20 on June 21, Gill will be able to exercise the options at $20 per share. As a result, he will receive another 12 million shares of GameStop. In total, he will own 17 million shares, making him GameStop's fourth-largest shareholder behind Vanguard, BlackRock and RC Ventures, according to FactSet. At Monday's closing price of $28 per share, his stake is valued at $476 million.
Keith Gill rose to prominence in 2021 after posting a series of videos that investors took as a signal to buy GameStop stock. As a result, in January 2021, the price of securities of the GameStop video game store chain soared from $20 to $483 in two weeks, and the shares themselves began to be called meme.
Did you miss something? That's all right!... as frenzy trading is back to Robinhood Markets.
The main graph indicates on strong Bullish momentum in Robinhood Markets (HOOD) stocks, that are trying to recover after huge 80+ percent post-IPO decline.
Identifying cyclical opportunities in $HOOD for optionsNASDAQ:HOOD has been in a bull trend since June of 2022, and its price action has also been decently straight forward.
Notes about NASDAQ:HOOD 's price action -
1. Hood's cycle lengths from low to low, in this daily chart are not uniform.
2. However the trends in between the swing lows and highs are secular.
3. Hood has been forming base lows instead of V pattern lows.
How I'm trading $HOOD.
- Since the trend is bullish it is best to stick with call options looking for confirmation of a cycle low to get long.
- When NASDAQ:HOOD starts to form a base after a cyclical downtrend look for momentum to enter
- Once identifying a swing high, exit calls and allow the next secular downtrend to play out
- Each cycle consider if the macro tend for NASDAQ:HOOD is still bullish
- Own NASDAQ:HOOD shares
** The timing band on this chart is a general area based off of previous cycles I'm expecting a base low and will be looking to get long.
HOOD Robin hood markets 24hr potterboxes with a channel upHOOD Robin hood markets 24hr potterboxes with a channel up. Robin hood markets is in a clear uptrend as you can see. it needs to get past $38.14 mark. the next stop up could be $40.40 this just my interpretation of what could happen given all the data i have. The potterbox strategy, the laws of three and six come to mind. if you look closely you will see that hood is over the 50 percent line or cost basis. if hood opens on or above the 50 percent line it will continue up to $35.44 according to the potterbox strategy. lets watch and see tomorrow. when you go to lower time frames such as the 4hr you can see where the box touches. it is also at the starting of laws of three. just follow the patterns.
Hood pulling back creating a nice opportunityHood pullback is a gift, low 20s offer a good buying opportunity (first green horizontal already hit), i will buy more if it dips further. I am playing this for move to the high 30s.
$HOOD to 100%Technically, NASDAQ:HOOD is poised for a breakout, which could unlock 40%+ gains initially (+ potentially 60%+ later - but it's too soon to tell).
Catalysts: trendline support, above 50 SMA, crypto momentum, strong financials.
Watching for confirmation:
1. Breakout from the rising channel
2. Overcoming 15$ resistance
Hood demand zone on volatilityI love these demand zones for dip buys, you'll usually note that mostly wicks touch these but candle bodies closing within are usually great opportunities, or a sign that a longer time frame demand needs to be looked at. We see a very bottoming stochastic RSI here, and a completely loss of the 5 day EMA.
My plan:
Sell aggressive pivot point CSP here around 23/23.5$
I expect an aggressive move back to approach that daily GAP
Robinhood Dives Into Election Betting, Its Ambition Might be BigRobinhood has just launched election contracts, allowing users to trade on the outcome of the 2024 U.S. presidential election between Kamala Harris and Donald Trump.
The new contracts rolled out to a limited number of customers on October 28. Customers enable margin and options trading and need to be approved for a Robinhood Derivatives account.
With contracts set at $1.00 for correct predictions and $0.00 for incorrect, the payouts will be determined post-election certification in early 2025.
Contracts are available only for Yes positions, except that a No position can be placed to close out an existing Yes position. Customers may not simultaneously hold a Yes position for both candidates.
This launch follows recent regulatory developments, such as the D.C. Circuit's approval for Kalshi and Interactive Brokers to offer similar contracts.
While the CFTC voiced concerns about election integrity, the court permitted Kalshi to move forward, opening the door for Robinhood.
I don’t think Robinhood cares much about making money off Election contracts a week before the election — I think they are going for something much, much bigger…which is a marketplace to bet on anything, marking a potential shift beyond traditional stock and crypto markets.
In my view, this signals a strategic pivot for Robinhood toward a broader, all-encompassing platform where users may eventually wager on global events, similar to derivative markets.
Paired with recent rollouts like index options, futures, and a new trading platform, Robinhood’s rapid innovation rate is noteworthy.
Their agility demonstrates a keen ability to stay relevant in an evolving financial landscape, and if successful, this could redefine event-based trading.
Will this direction lead to a major expansion beyond traditional asset classes? Robinhood’s progress here will be intriguing to watch.
Robinhood is showing some impressive innovation here, and if this new product performs well, it could really boost the company’s diversification.
But back to the stock itself—after a 126% jump year-to-date, is now still a good time to buy?
Technically, In the long term, the current stock price is in an upward trend, but in the short term, the price has reached the upper edge of the bullish channel, making it susceptible to be rejected for a pullback. Furthermore, compared to the previous increases, the recent uptrend momentum has significantly weakened, further confirming the high risk of a short-term pullback.
Moreover, according to historical patterns, before each pullback in this uptrend, there tends to be a KDJ bearish divergence. The reemergence of this divergence currently suggests inadequate upward momentum, indicating that a short-term pullback in prices may occur at any time.
Therefore, although the Robinhood's presidential election contracts is highly favorable, from a rational perspective, it is advisable to entry after a short-term pullback.
$HOOD - I would not chaseNASDAQ:HOOD The head and shoulders (H&S) pattern was invalidated, and the stock has since run without me. 😤 It is currently in a frictionless area, meaning there is not much resistance in either direction for the stock.
If the stock were to play out a full Fibonacci extension, it could reach the $33.90 area. However, a pullback to the $24 to $22 area is certainly possible, which would check back at the price level where it broke out.
I will not be chasing the stock and will let it come down to the buy area noted on the chart. The Earnings Report (ER) is tomorrow, and it could create an opportunity for an entry. 👀
ROBINHOOD TO $70?! Let's break it down.NASDAQ:HOOD TO $70?! Let's break it down.
5 REASONS WHY:
1⃣ 4/5 ON THE "High Five Setup" trade strategy
2⃣ Strong fundamentals and AMAZING Sentiment
3⃣ The forming of a CUP N HANDLE pattern. Measure Move: $70
4⃣ Growth Beast! Newer generations are on board!
5⃣ Continue to grow their products and offer great deals for people to switch. Like the HOOD week, which had up to 3% match. They got me to move because the deal was too good to pass up!
Stay tuned for more!🔔
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When does NASDAQ:HOOD get to $70 per share?! Drop a comment below.
Not financial advice.
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