HOOD trade ideas
RobinhoodHello,
i think Robinhood is a "Buy" soon from a technical view and also from a fundamental view.
This is a longterm (5-10years) play without using leverage.
I came up with this FIB as its one of my only ways to figure out price discovery (lol).
I propably advice to buy in steps soon and/or make your own TA as idk if this fib makes sense and will play out.
Now to the Fundamentals:
Retail historically often bought Market Tops (1929 / 2000).
And i think this will happen again in the coming Years.
Slowly retail trading interest will rise to the level of absolute euphoria before a market crash (arround 2030 is my guess).
And where will retail buy the Tops? Right. On Neo Brokers like Robinhood.
After an overpriced IPO Robinhood prices now enter potential undervalued Prices.
Sorry for being a little cynical, im a retail trader myself, so no offence intended :P
DYOR and please leave a like if you liked this :)
HOOD 2H Wolfe Wave Bullish 1/18A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
$HOOD not looking that goodWould assume we will see a continuation of the sell-off. Currently, the lowest Volume-Shelf provides a bit of support - below that the Price will go lower and lower
Hood Still entering accumulationThis is an update from the chart uploaded yesterday, the purple lines are dead trends that I hope will come into play later in the future. other then that, I've added some levels only because I'm in some calls for two weeks out so I'll be looking for those certain levels to sell my personal options. Of course, not financial advice.
Hood - Best opportunity everDear Traders and Followers,
HOOD is a big opportunity outside leverage. the daily is oversold, constant accumulation can be seen in the volume, and far away from MA21 in weekly (around 30).
Huge bullish RSI convergence can be seen in the daily chart.
I bought calls with exp Jan 2022, strike 15, and accumulating stocks.
The bottom of this stock is unknown, so leverage is not adviced, and this is a long term investment, HOOD can rise any time in this year or next year with their expansion plan to UK and adding Crypto wallet (planned for this year).
Let me know your thoughts in the comment section :)
Trade carefully and on your own risk.
Good luck for everyone.
Samy
HOOD, looking for the bottom on this one too.The market took my money on this one. Got stopped out on this crazy down move around 17.50, with the bottom around 17. Still need to learn to reverse it and put in orders where I put in stops.
Anyway the plan for now is to wait and see. There's probably a lot of overhead supply. Nonetheless notice the bullish divergence here.
Who doesn't want to own Robinhood? Knowing how bad the UI on most brokerages, these guys are disruptors for sure. I don't agree with all of Cathie's stock picks but this is a winner.
Robinhood, 6 Jan. Will this ever go up? Yes, it will.Robinhood has been waterfalling down -70% since August. During the entire lifetime of the stock the Stochastic has been overbought only ONCE. The chart looks absolutely depressing, so let’s take a look if we should help and buy.
Geometry:
Price appears to approach the lower boundary of the channel. Currently the .5 fib provides support.
Elliott:
The stock only has one wave, which is DOWN. We are able to count a completing 5-wave move.
Oscillators:
The RSI surprisingly shows a bullish divergence. The Stochastic is due to move up, basically because it has never been up.
How to trade it:
The lower boundary of the channel provides a good risk-reward ratio to open a reckless long. If the stock ever climbs above the median to make a higher high, the idea is to increase long exposure. The idea is invalidated if HOOD continues to drop below 11.5.
There is a very strong support at $0.
Long on hood opened position todayI set a stop loss in the picture, but in my investing I do not use a stop loss, I just add more if it goes lower and my conviction remains.
This looks like capitulation to me, it is a very premature buy by most standards, I love catching falling knives. The RSI shows that preliminary support was much higher, and as it trends up while making lower lows in price I feel comfortable buying, that plus this giant falling wedge which just broke.
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.
