HOOD Long...I recognize a move into a bull flag, a test of the 21EMA before breaking out of the flag, and anticipate that a measured move will result in a $55 TP.
HOOD trade ideas
Robinhood TP 23- 33 After earnings ? Reasons Why !!
In Q4 2023, Robinhood’s net revenues increased by 24% year-over-year to $471 million.
This growth was driven by higher net interest, transaction-based, and other revenues1.
The company reported net income of $30 million, a significant improvement from the net loss of $166 million in Q4 20221.
Adjusted EBITDA rose to $133 million, a 62% increase year-over-year1.
Customer Growth and Assets Under Custody (AUC):
Funded Customers increased by 420 thousand year-over-year to 23.4 million1.
AUC surged by 65% year-over-year to $102.6 billion1.
Market Expectations and Confidence
Robinhood’s ability to turn a profit in Q4, coupled with its record annual revenues, suggests that its strategic initiatives are paying off. The company’s innovative features and strong financial performance have instilled confidence in investors.
Remember that stock prices often respond to earnings reports. If the market believes a company is performing well, stock prices tend to go up. Conversely, if confidence wanes, stock prices may decline2.
Keep an eye on Robinhood’s upcoming earnings report on Wednesday, May 8th, 20243. It will provide further insights into the company’s performance and may impact its stock price.
Trading JournalBought as it bounced post earnings from the 50 ma, sold as it is extended and closed below the 10 ema
Robinhood daily/weekly close above this level and we pump more?Looking at the weekly chart, the last time we were this high was November 21. Is it possible we go to ATH and above with crypto pumping as well? I am looking at a daily close above 35, after that we go to 40 and breaking it with strength should be time for ATH.
Hood looks good!Hood has that look! If $37 level holds i think hood sees bullish continuation to the $45 area. I would use caution if the price dips below $37 for multiple days, there is not much in support until the high 20s. Personally i would sell 1/3 of the position if this happens, and i would also sell 1/3rd if we trade up to $44-45.
HOOD. Drop first before the pump. I believe we will come down early next year (bottom box) before we pump to test some important daily levels (top Box). Thoughts?
Corrective Waves and Solid Buisness ModleAs much as I hate what this company has done to cheat it's customers to protect its crony's, it has a solid buisness model. People forget and there is always a new crop of traders.
With thier latest futures bets and apr payouts, they are making this a decent platform for retail trading. They are making money hand over fist on thier loose slippage and running there own bucket shop.
On a technical side, it's in a strong up trend with a corrective wave happening in the next day. As long as it doesn't oversell then I see it continuing up to 45.00
Robinhood Markets. Following the footsteps of Roaring Kitty
Keith Gill, the YouTube streamer known as Roaring Kitty, made tens of millions of dollars in a day from the GameStop meme stock.
YouTube blogger Keith Gill, known as Roaring Kitty, earned a paper profit of $79 million in one trading day from the growth of shares of the GameStop video game store chain, recently wrote CNBC. During trading on Monday, June 3, GameStop shares rose by 21% and closed at $28 per share.
On Monday, June 3, Keith Gill took to Reddit to share what appears to be a screenshot of his investment portfolio. The blogger revealed that he still holds 5 million shares of the video game store chain GameStop and 120 thousand call options on the stock with a strike price of $20 and an expiration date of June 21. Gill's bet on GameStop netted him an intraday profit of $33.6 million from stock gains and $54.3 million from options. As a result, these positions increased in value by $79 million.
A day earlier, Keith Gill posted on the social network Reddit a screenshot of the portfolio, which shows 5 million shares purchased at $21.27 per share and 120 thousand call options purchased at approximately $5.68.
A call option gives the buyer the right to purchase an asset at a fixed price on or before a predetermined date, and creates an obligation for the seller to sell it when requested. By purchasing such an option, a trader or investor takes a long position - long. It is opened in the hope of making money on the rise in the price of an asset, such as a stock.
If GameStop's stock price rises above $20 on June 21, Gill will be able to exercise the options at $20 per share. As a result, he will receive another 12 million shares of GameStop. In total, he will own 17 million shares, making him GameStop's fourth-largest shareholder behind Vanguard, BlackRock and RC Ventures, according to FactSet. At Monday's closing price of $28 per share, his stake is valued at $476 million.
Keith Gill rose to prominence in 2021 after posting a series of videos that investors took as a signal to buy GameStop stock. As a result, in January 2021, the price of securities of the GameStop video game store chain soared from $20 to $483 in two weeks, and the shares themselves began to be called meme.
Did you miss something? That's all right!... as frenzy trading is back to Robinhood Markets.
The main graph indicates on strong Bullish momentum in Robinhood Markets (HOOD) stocks, that are trying to recover after huge 80+ percent post-IPO decline.
Identifying cyclical opportunities in $HOOD for optionsNASDAQ:HOOD has been in a bull trend since June of 2022, and its price action has also been decently straight forward.
Notes about NASDAQ:HOOD 's price action -
1. Hood's cycle lengths from low to low, in this daily chart are not uniform.
2. However the trends in between the swing lows and highs are secular.
3. Hood has been forming base lows instead of V pattern lows.
How I'm trading $HOOD.
- Since the trend is bullish it is best to stick with call options looking for confirmation of a cycle low to get long.
- When NASDAQ:HOOD starts to form a base after a cyclical downtrend look for momentum to enter
- Once identifying a swing high, exit calls and allow the next secular downtrend to play out
- Each cycle consider if the macro tend for NASDAQ:HOOD is still bullish
- Own NASDAQ:HOOD shares
** The timing band on this chart is a general area based off of previous cycles I'm expecting a base low and will be looking to get long.
HOOD Robin hood markets 24hr potterboxes with a channel upHOOD Robin hood markets 24hr potterboxes with a channel up. Robin hood markets is in a clear uptrend as you can see. it needs to get past $38.14 mark. the next stop up could be $40.40 this just my interpretation of what could happen given all the data i have. The potterbox strategy, the laws of three and six come to mind. if you look closely you will see that hood is over the 50 percent line or cost basis. if hood opens on or above the 50 percent line it will continue up to $35.44 according to the potterbox strategy. lets watch and see tomorrow. when you go to lower time frames such as the 4hr you can see where the box touches. it is also at the starting of laws of three. just follow the patterns.
Hood pulling back creating a nice opportunityHood pullback is a gift, low 20s offer a good buying opportunity (first green horizontal already hit), i will buy more if it dips further. I am playing this for move to the high 30s.
ROBINHOOD has a solid Double left in it.There are speculative doubles
and there higher probability plays.
I like HOOD as a firm play to accelerate into the $50 region sometime in Q4
great chart for Momentum players
while the true believer should already had their bags packed long ago.
$HOOD to 100%Technically, NASDAQ:HOOD is poised for a breakout, which could unlock 40%+ gains initially (+ potentially 60%+ later - but it's too soon to tell).
Catalysts: trendline support, above 50 SMA, crypto momentum, strong financials.
Watching for confirmation:
1. Breakout from the rising channel
2. Overcoming 15$ resistance
Hood demand zone on volatilityI love these demand zones for dip buys, you'll usually note that mostly wicks touch these but candle bodies closing within are usually great opportunities, or a sign that a longer time frame demand needs to be looked at. We see a very bottoming stochastic RSI here, and a completely loss of the 5 day EMA.
My plan:
Sell aggressive pivot point CSP here around 23/23.5$
I expect an aggressive move back to approach that daily GAP
Robinhood: Turned Off The Buy Button Now They Get Turned OffRobinhood...Robinhood...Robinhood
We all remember how they infamously turned off the BUY button in GME trading which caused it to plummet
Well I wonder if they will try turning off the SELL button this time on their own stock lol?
Cant wait to short this sucker to the ground
Not financial advice of course
Robinhood Dives Into Election Betting, Its Ambition Might be BigRobinhood has just launched election contracts, allowing users to trade on the outcome of the 2024 U.S. presidential election between Kamala Harris and Donald Trump.
The new contracts rolled out to a limited number of customers on October 28. Customers enable margin and options trading and need to be approved for a Robinhood Derivatives account.
With contracts set at $1.00 for correct predictions and $0.00 for incorrect, the payouts will be determined post-election certification in early 2025.
Contracts are available only for Yes positions, except that a No position can be placed to close out an existing Yes position. Customers may not simultaneously hold a Yes position for both candidates.
This launch follows recent regulatory developments, such as the D.C. Circuit's approval for Kalshi and Interactive Brokers to offer similar contracts.
While the CFTC voiced concerns about election integrity, the court permitted Kalshi to move forward, opening the door for Robinhood.
I don’t think Robinhood cares much about making money off Election contracts a week before the election — I think they are going for something much, much bigger…which is a marketplace to bet on anything, marking a potential shift beyond traditional stock and crypto markets.
In my view, this signals a strategic pivot for Robinhood toward a broader, all-encompassing platform where users may eventually wager on global events, similar to derivative markets.
Paired with recent rollouts like index options, futures, and a new trading platform, Robinhood’s rapid innovation rate is noteworthy.
Their agility demonstrates a keen ability to stay relevant in an evolving financial landscape, and if successful, this could redefine event-based trading.
Will this direction lead to a major expansion beyond traditional asset classes? Robinhood’s progress here will be intriguing to watch.
Robinhood is showing some impressive innovation here, and if this new product performs well, it could really boost the company’s diversification.
But back to the stock itself—after a 126% jump year-to-date, is now still a good time to buy?
Technically, In the long term, the current stock price is in an upward trend, but in the short term, the price has reached the upper edge of the bullish channel, making it susceptible to be rejected for a pullback. Furthermore, compared to the previous increases, the recent uptrend momentum has significantly weakened, further confirming the high risk of a short-term pullback.
Moreover, according to historical patterns, before each pullback in this uptrend, there tends to be a KDJ bearish divergence. The reemergence of this divergence currently suggests inadequate upward momentum, indicating that a short-term pullback in prices may occur at any time.
Therefore, although the Robinhood's presidential election contracts is highly favorable, from a rational perspective, it is advisable to entry after a short-term pullback.
$HOOD - I would not chaseNASDAQ:HOOD The head and shoulders (H&S) pattern was invalidated, and the stock has since run without me. 😤 It is currently in a frictionless area, meaning there is not much resistance in either direction for the stock.
If the stock were to play out a full Fibonacci extension, it could reach the $33.90 area. However, a pullback to the $24 to $22 area is certainly possible, which would check back at the price level where it broke out.
I will not be chasing the stock and will let it come down to the buy area noted on the chart. The Earnings Report (ER) is tomorrow, and it could create an opportunity for an entry. 👀
ROBINHOOD TO $70?! Let's break it down.NASDAQ:HOOD TO $70?! Let's break it down.
5 REASONS WHY:
1⃣ 4/5 ON THE "High Five Setup" trade strategy
2⃣ Strong fundamentals and AMAZING Sentiment
3⃣ The forming of a CUP N HANDLE pattern. Measure Move: $70
4⃣ Growth Beast! Newer generations are on board!
5⃣ Continue to grow their products and offer great deals for people to switch. Like the HOOD week, which had up to 3% match. They got me to move because the deal was too good to pass up!
Stay tuned for more!🔔
Like ❤️ Follow 🤳 Share 🔂
When does NASDAQ:HOOD get to $70 per share?! Drop a comment below.
Not financial advice.
#tradingstrategy #TradingTips
HOOD Robinhood Markets Options Ahead of EarningsIf you haven`t bough HOOD before the major breakout:
Now analyzing the options chain and the chart patterns of HOOD Robinhood Markets prior to the earnings report this week,
I would consider purchasing the 26usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $2.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Hood bull flag into earningsHood is creating a weekly bull around a prior rejection zone, the stochastic RSI is heating up. As BTC continues bullish momentum I expect this stock to explode to 28$ in a few short weeks. I bet we see this target by the end of November at this rate. Hood seems like a better BTC proxy than miners lately as it actually has a company and revenue behind it and has nowhere near the amount of dilution.
HOOD LONGHOOD just broke out of its accumulation range, which is a strong indicator for the stock. This breakout suggests that investors have been accumulating shares, setting the stage for a potential rise toward the $25.50 mark.
In its latest earnings report, HOOD showed improved user growth and a reduction in losses, boosting investor confidence. With revenues up thanks to increased trading activity and the return of retail investors, there’s a lot of positive buzz around the stock.
The volume during this breakout has been solid, indicating more buyers are coming in, and it’s finding support on the low-volume node below, further reinforcing its upward momentum. If this trend continues, reaching $25.50 seems like a real possibility. Overall, it’s an exciting time for HOOD!
HOOD Swing Idea - short-termNASDAQ:HOOD is triggering the 5/10 ema cross on the daily and looks good in this spot here.
I'd like to see it get over the 50d SMA (20.63 currently) for added confirmation. If it opens above, I'll be buying at market open.
Using the daily ATR of .98, my exits are as follows:
SL: 19.26
TP1: Trim at 21.36 (some intraday supply here)
TP2: 22.83 start of supply zone
TP3: 23.69 only if showing signs of strength through supply, and only runner(s).
Max Date: Market Open of 9/24.
^^^If SL or TP levels have not been hit by max date, I'll exit at that time.
What I'm buying:
I like the Sept27, 20.5c's, currently 1.06, or a safer version is the Oct 20c at 1.86.
1hr chart showing small supply zone
