HOOD trade ideas
HOOD Bottominteresting its seems to be the buttom... we will keep eyes on this hyper disruptive stonk
$HOOD potential bottom (1/5)Conviction: 1/5
early trade: no confirmation of bottom yet
General Thesis
daily RSI showing bullish divergence, bouncing up from oversold levels
Value
P/S at historical lows although high compared to rest of market
Potential Risks
history is very short
Bullish DivergencesDivergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an RSI, or is moving contrary to other data. ... It occurs when the price is moving lower but a technical indicator is moving higher or showing bullish signals.
ROBINHOOD +130%Buy HOOD now and more low price
Sell levels on the chart
Profit 130-200%
Stop-loss if break RSI divergence
Wish you luck !
If you are long you are wrong (in my opinion) 🚨this is why I warn people about buying IPOs that were just listed a week/month ago. RIVN is another example.
most IPOs have seen a big pop the first week then its straight red for months!
its better to stay away until we can see a clear direction..
We will most likely see a dump to 10-15 zone in 2022 unless we break top trendline resistance.
like and follow for more 💘
HOOD $75 PT - Cognitive DissonanceThoughts below, future chart candles are just for fun -
Cognitive dissonance driven by retail and news media's love affair together around hating the stock. If you set aside personal bias, they have a history of finding creative ways to add new users which get emulated by the competition (IBKR just got around to adding Instant Deposit). They're the most competitively positioned broker for future growth and they have the means to get there without raising additional capital anytime soon, as of the end of their most recent quarter Q3 they had 6 billion in cash and cash equivalents on their balance sheet.
Banning Payment for Order Flow is unrealistic, the way things are leaning the SEC will require more transparent and timely public reporting of short selling data to regain public trust. Quicker settlement like T+1 has some traction as well, any improvement here is good for the HOOD.
Large fund flows into the stock (D1 Capital, ARK) and short seller profit taking (Deutche Bank) appear to be underway, the next 13F filings will help confirm sentiment change.
2022 will see significant product functionality releases as HOOD grows out of its simple trading app for millennials image and gets accepted as a "real" broker with competitive tools.
Fully embracing the crypto space, recent acqui-hire brings top talent to their crypto development team and suggests something big is cooking but they're holding their cards close. Most recent 10Q is vague around the product roadmap and mentions items which clearly diverge from the actions they're actually taking. You can barely consider them a crypto trading platform currently since they only have a few assets available and price execution is lousy. However, Robinhood has an opportunity to eat Coinbase's lunch, unless they squander it entirely.
Just technical, reversion to Mean. It's no secret there's a significant divergence between individual stock performance and the mega-caps/indexes.
HOOD might move out the HoodI know we've all been told to stay away from HOOD and if you didn't you got rekt'd (me, down -%35, sold for loss)
BUT with the little knowledge i understand about Wychoff Theory we might see a Huge reversal.
I believe we could have another big shakeout IF we get another
Volume and Price action diverging (price action going down, volume ramping up)
After we get an explosive pump in our spring we should have another retest around $20.30 and maybe finally moon
Discloser, i dont have a position in HOOD, like i said i took the L (-%35, 30 shares averaged around @ $42 ish, ouch)
took that loss into AMC to open my first position at the Dec. dip already made my money back.
i would %90 open a new Position in Hood but im dead broke
cheers
Huge Bullish Divergence This one has been on a down trend for a long time but we are finally starting to see some upside. The RSI has continued to move upward with price moving sideways. So this is telling me that downward pressure is turning upward momentum. If we see a retracement to the 50% fib level that is a price of $50 easy.
Happy trading
Robinhood could have bottomed?Simple TA, I'm not a pro, but if you like or dislike what i say or see please comment and give me your reason of why im right or wrong.
Trend-Based Fib set. Trend lines set.
Price action is traversing into Huge downward wedge ready to test another Fib level, has $hood found a bottom? i hope so because this stock has been a huge Ouchy to my monies.
Let me know how i did boys
cheers
$HOOD - Resting on FIB extension. Oscil bullish divergenceLooking like reversal is about to happen. The Oscillators - RSI, Stoch, Accdist, OBV and macd all displaying bullish divergence.
The bulls should be ready to take a loss if the price drops below $16 as this can lead to $13.7 drop zone.
Target 1 - $24
Target 2 - $34
Risk - dropping below $16 is bad.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
Good spot for Long HOOD
Let's check HOOD. I find here a good spot for a fast buy:
📃 Prise stop falling and stay for a few weeks.
📃 Oversold.
📃 Huge volume on "bottom" | price stay in ~18-20$ range.
📃 Small SL.
TP1 ~30%
TP2 ~50%
Good luck,
V.
$HOOD Looking To Breakdown To New All Time LowsI think we are on track to drawing down all the way to the 1.618 is this continues and i will be playing this move with the January 2022 Put Options around the 25 dollar strike price.
RobinhoodLooks like we are getting some consolidation around this area with a strong bullish candle kicking in. I know a lot of people may not like this stock. However, investing and trading is all about finding stocks that are under or at its fair value while giving it time to move. Benjamin Graham liked beat up stocks that have some juice left in it. Well this is Robinhood. Robinhood introduced me and a lot of my peers to investing/trading and have either changed our lives or given us sentiment that we can change things down the line for ourselves and family. This is that type of trade for me. There isn't a good amount of MOAT. However, I like that this company has the attractiveness to the youth with how easy it is to navigate the app and getting in and out of trades and even learning about different things. They make their money like any other broker through spreads etc. I've been using Robinhood for a year since I've began trading and have seen the development of the app continue to grow. Honestly, when most people beat up a stock that tells me that they may be doing something good to be honest. Reminds me of when Facebook went through their recent situation and look at their stock now. From an annual perspective, they have increased their free cashflow. Operating Activities increased. They are investing more into their business. Assets overpowered liabilities. Total Equity has increased. Debt has increased but not as much as the income they have brought in. Net income is out of the negative and their EPS is out of the negative. This isn't the end all be all. However, this is what I would consider to be a damaged stock that has juice left. I want to see a retracement of 38% or more of the previous high. Let's see what happens by 2024!
Not advice!
This trade could go wrong. That's what trading and investing is about. Let's keep working on getting better!
$HOOD monstrous bounce coming, falling wedge forming here.$HOOD looking for a very aggressive bounce out of this falling wedge setup, the stock has declined from 85 trading at 18 with shorts piled in the sp will be quick to squeeze higher out of demand we're forming. Still in range so be patient but when it gets going im targeting a move to 25 quickly, from there we can base and expect higher in my opinion. Feb calls a safe bet, of closer exp when we break the wedge. Can go further out to play leaps as well.
Bounce then lower HoodFeel like a little bounce is in and then we go lower again.
Fundamentally this stock is pretty shitty.
HT: The end of the downtrend for HOOD?Robinhood has been struggling since its IPO. At Human Traders we've been analyzing live on Youtube that there will be a reversal anytime soon, then we're monitoring the stock closely. Best entry? After a big correction in the market (see S&P 500 chart). Now it's not a bad moment to buy the stock, but we prefer to wait for a confirmation of the trend reversal. The same applies for other stocks such as: Victoria's Secret, Oatly, Bumble, Deliveroo...
Robinhood Closed Above Its Opening High BullishGood bullish sign. Can be turbulent for the first few days when a stock launches but it is often perceived as a good signal when the stock closes above its opening high. Good volume on the candle as well. Worth a watch.
Robinhood Daily Chart Robinhood has great chance to end of the downtrend at $12 level, and change to the uptrend for a long time.
