Hood channel attempt
After further analysis it looks like HOOD is going to attempt to break out of this channel. A bounce at the median range of this channel with a continue upward pointing stochastic RSI is bullish. OBV is still within a long term channel as well. This is one of the weaker charts out there, as investors search for value in an overheated market, plays like sofi, hood, and hims present opportunity.
There is no price action outside of the channel until 35$, not to say the stock or company is worth that, but TA wise this chart looks like how altcoins dumped, no support just straight down.
There is no price action outside of the channel until 35$, not to say the stock or company is worth that, but TA wise this chart looks like how altcoins dumped, no support just straight down.
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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.