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1HOOD trade ideas

#HOOD Robinhood Stock - +20% move comingToday I am reviewing the 1D (daily) chart for Robinhood (HOOD) on a linear scale. In the chart I noted: 1) The price is shown inside a parallel channel since August 2021 when the the price had a major drop. 2) I am showing a prior fractal as noted in the red oval for the upcoming price. The fractal top price of $37.62 is in line with significant resistance as shown on the Volume Profile (VPVR). 3) The RSI (relative strength index) is now oversold and about to touch the bottom trend line of the parallel channel. This may move upwards helping the price rebound. What are your opinions on this? I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
NASDAQ:HOODLong
by MillionaireEconomics
Robinhood Markets (USA: $HOOD) Is Finally Looking Good 👌Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately 650 articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; and lists, which allow users to create custom watchlists to monitor securities, ETFs, and cryptocurrencies, as well as cash management services. Robinhood Markets, Inc. was incorporated in 2013 and is headquartered in Menlo Park, California.
NASDAQ:HOODLong
by Bullishcharts
15
Falling Wedge/Bottom Fishing HOOD is closing in on the all time low. A stop below this low would not be far away today. If price goes below this low, there is no support to be found, so it could be a long time before it forms a bottom. Short interest is 6% and negative volume is very low right now. OBV is hanging in there. Possible bullish divergence on RSI, but divergences are best seen on the weekly timeframe and there is not enough chart formation yet to see much on weekly. Not a pretty picture except for the falling wedge. Falling wedges are often found at the bottom or towards the end of a deep pull back. FWs are considered bullish but can be a long term pattern. Price must break the upper trendline with conviction. The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. They are opposite of a rising wedge which is bearish. No recommendation/strong downtrend noted.
NASDAQ:HOOD
by lauralea