RobinhoodStrong Buy - Dodgy as the day is long but it's going up meme stock mentality.
"ARK Investments bought Robinhood (ticker: HOOD) after the IPO and has continued buying, and the company was praised on Monday night by CNBC’s Jim Cramer, who said “the stock would soar” if it made a deal like Square’s (SQ) deal to buy Afterpay. The company also published its restated bylaws late on Monday.
Robinhood has said that 301,000 of its customers had bought into the IPO."
Pin bar to the left could be a sign of selling pressure, wait for candle to open with momentum above $47.11
RSi and Macd Moving Average below both look to be rolling over but they can also stay up there so depends on momentum you'll have to watch.
Place Alert on "6. Macd's Highest/Lowest" one of the best indicators to give heads up on retracing.
If it breaks out of Channel too high that is the time to get out it will revert back to the channel they always do.
I'm sure there will be a lot of after-hours buying as we speak.
Do some Due Diligence see what else is the gos.
To the moon I think.
But ya never know it's a fickle game.
: )
