Robinhood - Gap Down - Epic Economics - FOMO PoofStay away from Ponzi Pogs & Dead Cats. There's plenty.
HOOD trade ideas
Robinhood Is Now a Meme Share, ADP Perplexes, Oil DropsYesterday was rich in all sorts of events and new information. Let's start, perhaps, with the loudest one: the growth of Robinhood shares by some unrealistic 65% in the first minutes of trading. Recall that this is the same Robinhood, which went public last week and which turned out to be one of the most disastrous in terms of the results of price dynamics for companies of this size.
What happened to the company in the last couple of days? By and large, nothing. Katie Woods with her ARK bought a fairly large block of shares, but, perhaps more importantly, the share was actively dispersed on Reddit. Looks like retail investors have found new fun to replace GameStop and AMC and its name is Robinhood. At least HOOD is the number one ticker on WallStreetBets Swaggy Stocks tracker.
What does this all mean? That there was a great opportunity to earn money. Such ups are a great opportunity for more expensive and quick sales, and most importantly - guaranteed earnings. At least the experience of other meme-actions speaks about this. Common sense also speaks in favor of this: the current price / sales multiplier for the company is above 50 (!). For comparison, a very expensive and overbought Apple has less than 9.
From the more global news of yesterday, it is worth noting the disastrous US employment data from the ADP. Naturally, they failed in relation to market expectations (growth was predicted by 695K, but in fact it was 330K), because + 330K is an excellent result. On the other hand, the data on the indices of business activity in the US in the service sector were unambiguously positive: the ISM Services index as a whole and in the context of its components turned out to be higher than expected and previous values.
US oil inventories unexpectedly dropped last week, according to official data. Oil, which was already feeling unwell this week, has received a serious hole and may go to the bottom. The key to failure is a combination of an increase in oil production from OPEC + amid a new wave of the pandemic.
Today is interesting primarily by the results of the meeting of the Bank of England. Monetary policy parameters are likely to remain unchanged. But in any case, the comments and assessments of the Central Bank are extremely important for the British pound.
RobinhoodStrong Buy - Dodgy as the day is long but it's going up meme stock mentality.
"ARK Investments bought Robinhood (ticker: HOOD) after the IPO and has continued buying, and the company was praised on Monday night by CNBC’s Jim Cramer, who said “the stock would soar” if it made a deal like Square’s (SQ) deal to buy Afterpay. The company also published its restated bylaws late on Monday.
Robinhood has said that 301,000 of its customers had bought into the IPO."
Pin bar to the left could be a sign of selling pressure, wait for candle to open with momentum above $47.11
RSi and Macd Moving Average below both look to be rolling over but they can also stay up there so depends on momentum you'll have to watch.
Place Alert on "6. Macd's Highest/Lowest" one of the best indicators to give heads up on retracing.
If it breaks out of Channel too high that is the time to get out it will revert back to the channel they always do.
I'm sure there will be a lot of after-hours buying as we speak.
Do some Due Diligence see what else is the gos.
To the moon I think.
But ya never know it's a fickle game.
: )
long #hood#hood personally I don't like the company, but it is on a pullback the area of the primary trend, at that trend area is the vwap median, and a strong support level and a strong psychological level ($65), I would look to buy into the trend at 65-70$ and ride this up, invalidated if it falls and hold beneath 63$ on a 15 min candle. Price target is unknown, will ride the trend as long as it exists. Put your feelings aside in the market, there should be no bias, do what the market does and win.
not financial advice, do your own charting/due diligence as we may not agree.
strategy for HOOD THURSDAY 08/05/2021
(HOOD buy price 85.40)
(HOOD sell price 84.00)
NOTE: at this moment it is below the sale price in post market we must wait until tomorrow if it opens above buy price
FIB ON HOODNot much to go by but looks like it's going by Fib lines for the moment. It will need more time. But for fundamentals its a good company money wise.
Hood I decided to play around on hood in the 15 min time frame last week and make a move on a potential buy zone at 33.39 based off the first wick upon opening of this ipo. I bought 7 shares to screw around with. I discussed a descending triangle that if we broke 36.18 could bring us back to 40$ range. I added 7 more shares in that area and put stoploss below 38$ once we took off. Didn’t get stopped out and have been tracking since. I have more then doubled my investment so I plan to put a stoploss below 65$ for half of my total shares to sell half on a double
65$ is a potential breakout of a bull pennant. If we hold 65.50 area as support could be a backtest to a bullish breakout. If we lose it I have support down at 55.50 just an idea. It’s hard to Tract all moves above previous priceaction so I do want to lock in Gainz. Keep eyes on 65.50 if you haven’t entered. And if we lost that I’d watch 55.50
Welcome to the HOOD- RobinhoodTime for us to enter. Better be a late runner and avoid the FOMO, the chart is our map and support is drawn on the chart for you all to follow if you like.
For sure you know what ROBINHOOD is.
Expectations are as investors like Cathie Wood's ARK Invest build positions .
Shares of Robinhood, an investing-focused consumer fintech company, soared this morning in pre-market trading. The stonk phenomenon , which helped propel minor companies like GameStop and AMC earlier this year, appears to be impacting Robinhood’s own stock; that much GameStop and AMC trading took place on Robinhood’s platform during stonk-fever is irony not lost on this publication.
Robinhood Rug Pull - Lemmings Play HereJust as the AMC monkeys do everywhere. Slip on banana. FOMO Poof! #EpicEconomics
$HOOD is gonna fall todayPupm&Dump trading strategy idea.
$OTLK is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $53,09;
stop-loss — $53,88;
take-profit — $51,52.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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The History of Robinhood - Instantly Overbought on Light Vol. Meme Mania Investing 2021. Stonks & Crypto Ponzi Pogs go Poof.
NOMO FOMO.
Robinhood Rips: IPO Breakout ExampleThe Robinhood NASDAQ:HOOD IPO is playing out and if traders were PATIENT they would have gotten fantastic risk to reward setups with today's price action. I use this an example of how better to play IPOs instead of buying on the first day as many do!
Can't be too good for the HOODBearish continuation on the RSI, Rising channel. Lets rob HOOD for the fact that theyve been robin-the-hood for quite sometime. The Billionaires robinhood, Take from the poor and give to the rich. Drive this price to the ground!
robinhood is public.will Robinhood get slashed? They have a bad reputation. I am curious how much that matters to wall street evaluators.
Wstudy("vwap", overlay=true) typicalPrice = (high + low + close) / 3 typicalPriceVolume = typicalPrice * volume cumulativePeriod1 = input(210, "Period") cumulativeTypicalPriceVolume1=
sum(typicalPriceVolume, cumulativePeriod1) cumulativeVolume1 = sum(volume, cumulativePeriod1) vwapValue1 = cumulativeTypicalPriceVolume1 / cumulativeVolume1 plot(vwapValue1,title='210',color=#35e8ff,style=circles) cumulativePeriod2 = input(400,"Period2") cumulativeTypicalPriceVolume2 = sum(typicalPriceVolume, cumulativePeriod2) cumulativeVolume2 = sum(volume, cumulativePeriod2) vwapValue2 = cumulativeTypicalPriceVolume2 / cumulativeVolume2 plot(vwapValue2,title='400',color=#f995ff,style=circles,transp=1,linewidth=1) cumulativePeriod3 = input(1700,"Period3") cumulativeTypicalPriceVolume3 = sum(typicalPriceVolume, cumulativePeriod3) cumulativeVolume3 = sum(volume, cumulativePeriod3) vwapValue3 = cumulativeTypicalPriceVolume3 / cumulativeVolume3 plot(vwapValue3,title='1700',color=#acff35,style=circles,transp=1,linewidth=1) cumulativePeriod4 = input(3100,"Period4") cumulativeTypicalPriceVolume4 = sum(typicalPriceVolume, cumulativePeriod4) cumulativeVolume4 = sum(volume, cumulativePeriod4) vwapValue4 = cumulativeTypicalPriceVolume4 / cumulativeVolume4 plot(vwapValue4,title='3100',color=#f3ff00,style=circles,transp=1)
HOOD levels starting to showHOOD hasn't been trading for more than a few days but a look at the 15min chart shows that there could be a few important levels to keep track of. Mainly the 786 and 618 fib lines. 786 has shown to be the low end support level that has more or less withstood heavier selling pressure. meanwhile the 618 now appears to be a level of resistance as of the last candle on Friday. Prior to that, it held up pretty consistently as a level of support. Heading into the week these will be some of the areas to keep track of. From a price standpoint, around $35.75 on the upper end of the channel and around $34.70 on the lower end. Given the dragonfly doji at the end of the day, it will be interesting to see if the same type of defensive buying is the trend to start the week.
" With the latest Robinhood IPO, it’s almost a sign that institutional companies aren’t the only choice anymore and that the rise of the retail investor is alive and well...This week has been full of momentum both in broader markets and specific industries. Big news from the likes of Merck (NYSE:MKR) and Bristol-Myers Squibb (NYSE:BMY) helped shed light on the state of cancer stocks. Both companies reported significant events ranging from FDA approvals to revenue growth thanks to their cancer treatments...By the look of things, that bullish sentiment hasn’t subsided either. On Thursday, one of the biotech industry benchmark ETFs, Nasdaq’s Biotech ETF (NASDAQ:IBB), made a fresh 5-month high. Keeping this in mind, not only are cancer stocks a focus this week but the broader industry is too. In this article, we’ll take a look at several former biotech penny stocks to watch heading into the Robinhood IPO day. "
Quote Source: 3 Biotech Penny Stocks To Watch On Robinhood IPO Day
Robin Hood Short Descending Triangle Price Target $26.52 ENG/DEEnglisch:
15 min time frame
The stock market start of Robin Hood, was as expected, not very successful.
Currently, the price has broken out of an upward trend channel (green lines) which could have become a five wave Elliot Wave, downward, and in the afterhours rose again, in the pre-market I expect further increases between 35.86USD up to 36.78USD.
Then I expect a decline to 33.41USD followed by a final ABC correction to the top of the Descending Triangle.
At 34.10 I see C as finished, and the beginning for a five wave downward movement.
The target of wave one I estimate at first 32.47USD followed by a correction wave two movement to 33.32USD (retest of the Descending Triangle).
After the price bounces off 33.32USD, wave three begins with a price target of 29.56USD
In wave four, I expect a correction to 31USD
followed by the last wave five to 26.52USD
The price targets of each wave can vary for me the primary target is 26.52 USD
My short entry
Entry 35.80USD
Stop Lost 38.39USD
Take Profit 26.52USD
Attention no investment recommendation or financial advice !
You act at your own risk, this idea is no guarantee for accuracy and or a successful trade, and serves only as information or comparative material.
Deutsch:
Robin Hood Short Absteigendes Dreieck Preisziel 26.54$ (ENG/DE)
15 Min Zeitfenster
Der Börsen Start von Robin Hood, war wie zu erwarten, nicht besonders Erfolgreich.
Aktuell ist der Kurs aus einem aufwärts Trendkanal (Grüne Linien) welcher eine Fünf wellen Elliot Wave hätte werden können, nach unten ausgebrochen, und in der Afterhours erneut angestiegen, im Premarkt rechne ich mit weiteren anstiegen zwischen 35.86USD bis zu 36.78USD
Anschließend rechne ich mit einem Rückgang auf 33.41USD gefolgt von einer letzten ABC Korrektur bis in die Spitze des Absteigenden Dreiecks.
Bei 34.10 sehe ich C als beendet, und den beginn für eine fünf Wellen abwärts Bewegung.
Das Ziel von Welle eins schätze ich auf zunächst 32.47USD gefolgt von einer Korrektur Welle zwei Bewegung auf 33.32USD (Retest des Absteigenden Dreiecks)
Nach dem der Kurs an 33.32USD Abgeprallt ist, beginnt Welle drei mit einem Preisziel von 29.56USD
Bei welle vier rechne ich mit einer Korrektur auf 31USD
gefolgt von der Letzten Welle fünf auf 26.52USD
Die Kurs ziele der einzelnen Wellen können Variieren für mich ist das Primärziel 26.52 USD
Mein Short einstieg
Einstieg 35.80USD
Stop Lost 38.39USD
Take Profit 26.52USD
Achtung keine Anlage Empfehlung oder Finanzberatung !
Sie handeln auf eigenes Risiko, diese Idee ist gibt keine Garantie für Richtigkeit und oder ein Erfolgreichen Trade, und dient lediglich als Information bzw vergleichsmaterial.
Robinhood - Robin from the hood is here!-Robinhood, don't know how to feel about you, you have potential but not much chance with all these available great platforms that are outperforming yours greatly.
-At Caldoon, we love innovation, and the only innovative thing that Robinhood brought to trading is making it look like a game. Which is more fun and adaptable for the new generation of investors (although Buffet didn't really like it).
-We see this boy keeping his stat shining, short-term target is back to $38.
