HOOD Has Possibly Bottomed Out
Super beat down, had a lot of buyers show up under $12 and this overall idea is based on that staying as the bottom.
Two ways to play this are
1. Buy the pullback (~$13.50 at time of posting)
2. Play the breakout (white box)
In either case, I expect HOOD to go up to the next volume area at ~$18.50 and then rocket up to ~$35 (hence the gap area; very little volume traded in that space).
The RR is good and I think it's worth looking out for/playing.
Two ways to play this are
1. Buy the pullback (~$13.50 at time of posting)
2. Play the breakout (white box)
In either case, I expect HOOD to go up to the next volume area at ~$18.50 and then rocket up to ~$35 (hence the gap area; very little volume traded in that space).
The RR is good and I think it's worth looking out for/playing.
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