HOOD did get a bounce from that support area. There is certainly a danger of a head and shoulder formation but I am not too worried about it.Watch for that channel breakout. Confirmation is closing above $43 for 2 trading session.
See target and support areas in the chart.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.