$HOOD over 50 daily ema is bullish
🚨 #YUSUKE_ALERT for 
HOOD 📊
📈 Technical Analysis:
- Current price: $21.16
- Trading above 50 EMA (purple line)
- Recently bounced off support at $19.85 (PT1)
🔑 Key Levels:
PT1: $19.85 (Support)
PT2: $21.30 (Resistance)
PT3: $21.84 (Extended target)
March 2024 High: $23.40 (Major resistance)
👀 What to Watch:
- Bullish momentum above 50 EMA
- Potential breakout above $22.05 resistance
- Volume increase to support upward move
🎯 Possible Strategies:
1. Long calls targeting $22.72 or $23.44
2. Bull call spreads (e.g. 21/23 spread) for defined risk
3. Buy shares with stop loss below $19.85 support
⚠️ Risk Management:
- Set stop loss below $19.85 for long positions
- Take partial profits at $22.72 (PT2)
- Be cautious of resistance at March 2024 high ($23.40)
Remember,HOOD can be volatile! Manage your position size carefully. 💼🧠
#Robinhood #FinTech #OptionsTrading #StockMarket #WallStreet #TradingAlert #InvestorInsights #MarketMovers #TechnicalAnalysis #FinancialMarkets #TradingStrategy #StocksToBuy #TradingLife #FinanceNews #TrendingStocks
HOOD 📊📈 Technical Analysis:
- Current price: $21.16
- Trading above 50 EMA (purple line)
- Recently bounced off support at $19.85 (PT1)
🔑 Key Levels:
PT1: $19.85 (Support)
PT2: $21.30 (Resistance)
PT3: $21.84 (Extended target)
March 2024 High: $23.40 (Major resistance)
👀 What to Watch:
- Bullish momentum above 50 EMA
- Potential breakout above $22.05 resistance
- Volume increase to support upward move
🎯 Possible Strategies:
1. Long calls targeting $22.72 or $23.44
2. Bull call spreads (e.g. 21/23 spread) for defined risk
3. Buy shares with stop loss below $19.85 support
⚠️ Risk Management:
- Set stop loss below $19.85 for long positions
- Take partial profits at $22.72 (PT2)
- Be cautious of resistance at March 2024 high ($23.40)
Remember,
HOOD can be volatile! Manage your position size carefully. 💼🧠#Robinhood #FinTech #OptionsTrading #StockMarket #WallStreet #TradingAlert #InvestorInsights #MarketMovers #TechnicalAnalysis #FinancialMarkets #TradingStrategy #StocksToBuy #TradingLife #FinanceNews #TrendingStocks
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.
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.