HOOD Ready to Break to the Upside

Bullish divergence on the last all time low and it has slowly been climbing up on the weekly. Looking for the first 2 targets to hit before retracing and retesting the breakout. If the market melts up, HOOD is going to be a big benefactor.

Trade active

Lets see if the channel holds

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Retesting previous resistance. Want price to stay above $9.19. If price bounces here, target 2 should come easily

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Retest is successful and price closed above the .618 retracement level. Second time the price has bounced off the 30 day MA (blue) + its been coiling around the 200 day MA (pink) for over 7 months. There is a big move that is building up pressure - just need to wait and see which way it goes.

Moving stop loss to entry to protect and guarantee no loss on trade.

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Strong bounce off the 30 week MA and RSI is above the its EMA. Price has been coiling and its ready to break out after the re-test. Ratios of the breakouts match targets and there is a ton of confluence on fib levels to support it. Price should break out within weeks. Just need to see some volume to support it.

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3 Bar Reversal Pattern with volume increasing over the last 2 months. If July and August continue with increased volume, price should move quickly.

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I would love to see price drop back in this range to add more. Earnings should help fuel a sell off if there is one

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Finding support at the rebuy zone. Should hit target 2 again soon. Will need to keep an eye on the weekly close to close above $12.80.

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Something is brewing. Looking for a big move up soon

IKeepItGreen

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IKeepItGreen