Trade Setup: Buy/Long Robinhood Markets (HOOD)Short term, higher risk thus smaller positions apply.
- On 8-EMA
- Gap Close
- Low volume pullback
- Nearing incline support
- Overshot 61.8% Fib
Reclaiming 49.00 will be 1st sign of potential reversal.
Trade levels:
Aggressive traders buy here, $48.20
Stop: $45.25
Target: $57.00