Long

Getting $HOOD vibes

Updated

was a great set up earlier this year. 2 year consolidation range with multiple failed breakouts. looks like it may be looking to do the same breakout.

The fractal drawn is , same drop from IPO, same trough of disillusionment.

Long at $4.90, will add on a retest of the downward resistance at $4.70.

Note

2nd trounce filled on backtest of the resistance line. Long until IPO price expecting ~3 month timeframe, late sept

Note

Tranche*

Anyway what we're seeing right now is solid price action. The last 3 times tried to break out it retested its 21/50 day moving averages bounced and then rolled over.

Another notable thing to notice this time is these moving averages are pointing up instead of down. I'm still confident we get this breakout.

Note

Might be the week to run this. Picked up Aug 2 5.50 calls.

Note

not selling

Note

Breakout retest resumption

limit_buy_69

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