hoodif it break 11.12 you can see 15-16 .
if more traders is considering you can see 20 too
very strong resistant level.
sellers always push down from this level.
a lot of fake break out
if it close to day upper than 11.12 you can go long.
respect the stop loss
but MA20 - 50 support the price in week coming ahead.
HOOD trade ideas
HOOD 3/13/22HOOD
Since going public in Aug 2021, HOOD found itself moving sideways and making lower highs into support area at $40 area until Oct.’21.
Price went on to break down from this descending triangle and enter a strong downtrend respecting the 20ema.
Price fell from $40 to $10 where it found support.
Between late Jan.’22 thru present date, price has been making lower highs into support area @ 10.
The current bearish descending triangle in current downtrend is my cue to enter trade short.
Entering trade short.
Entry: 10.94
Stop loss: 12.79
Target: 5.00- +54.30%, 3.21 RR ratio or will trade 10ema
Robinhood Markets Analyze🏹!!!Robinhood Markets is running near the resistance line & resistance zone & upper line of descending channel.
I expect Robinhood to go down at least to the support line I showed you in my chart.
Robinhood Markets Analyze (HOODUSD), Timeframe 4H⏰ (Heikin Ashi).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Hood: Looks like a buy to meAnalysis is based primarily on Fibonacci levels, Wyckoff method, and market cycle psychology. I did a cursory check using Elliott Wave and, IMHO, I saw enough to corroboration with everything else to increase the warm and fuzzy feeling I get when thinking about how much $$ I’ve sunk into Hood below $10 price. However, I didn’t spend enough time on the EW to warrant showing it in the chart.
Red region: Previous market cycle except for depression area.
Teal region: Depression area of market cycle and Wyckoff Accumulation.
Descending Parallel lines: Made these to make the shape of the Accumulation phase in this chart easier for viewers to compare with the textbook shape of Accumulation.
Price action appears to be following a descending parallel Fib channel. I cloned the channel and placed the start of the 2nd channel at the point where I think Accumulation ended. However, theoretically, until price confirms a break above the descending parallel lines, it remains possible for price to plummet to the bottom of the descending parallel line channel. I find this highly unlikely but, hey, I don’t control the markets.
The reason for stacking the fib channels involves a synthesis of EW theory and market cycle psychology. It’s possible that the rally to $85 was part of a Wave 1 and that a Wave 2 ended somewhere in the red or teal regions.
For ppl who care about EW.
The majority of the time when applying EW, if EW is valid then Wave 3 tends to be between 1.6x to 2.6x the length of Wave 1. Wave 3 begins at the end of Wave 2. In the chart, a Wave 2 could have ended in the first Fib channel just above the .618 level, near the lowest price seen in chart) or the 1 fib level, at the end of the teal region where I think Accumulation likely ended. Therefore, if EW is valid, then a Wave 3 would likely end between the 1.236 and 2.382 levels of the 2nd fib channel.
HOOD 20 % drop - Head and Shoulders On 18 of July 2022 the price managed to broke out above the downsloping resistance line and since then we saw some upside.
- Now the price is forming the Head and Shoulders pattern.
- We expect the formation to break down in the next days. However it may take a few days to form the right shoulder which may be a little bit extended.
-The target would be at 7 $ which would be a result of a 20 % drop.
After that we expect the price to create a higher low.
- If the price breaks below previous all time low, new lows are coming.
Good luck
HOOD: TRENDSI ATS BULLISH CONFIRMATIONTicker Symbol: $HOOD
️Timeframe: 4H
️HOLDING 200SMA ON 4HR AND 50SMA ON DAILY
️Investment Strategy: LONG
TECHNICAL ANALYSIS:
TRENDSI ATS MONEY MOVEMENT SHIFTING UP : BULLISH
RSI AND STOCHASTIC BOTH SHOWING BULLISH MOVEMENT.
CONFIRMATION I AM WAITING: TRENDSI ATS GREEN LINE WITH GREEN DOT
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$70 Price Target on HOOD by JAN 2024 if Robinhood is able to be profitable in 2023- Investors will come in - Buying the Jan 2024 60 Call at ask and selling the 70 strike against it would be a $10 debit with a possible $990 max profit at expiration if I'm right. $100 risk owning 10 spreads could be worth $9.9k at expiration (Jan 2024) - $1k risk -> $99K. Anything is possible
HOODRobinhood shares slumped after a judge ruled that the company must face U.S. market manipulation claims over the ‘meme stock’ rally. Additionally, the SEC is investigating hedge fund Melvin Capital Management, which was heavily involved and affected by the ‘meme stock’ saga last year. 📉 11/08/2022 By "StockTwits"
buy hood @ $9.00 Target @$20 Dec 14, 2022Robinhood Markets, Inc
Technical Analysis
1. Break below support @ $10.00
2. Anchor support @ $6.79
3. Minin Bullrun resistance @ $11.35
4. Awaits pull back dip to $9/$8
5. Ideal Buy entry $9/8/$7 cost averaging
6. Target @ $20 Dec 14, 2022
Fundamental Descriptions:
Robinhood has commission-free investing, and tools to help shape your financial future. Sign up and get your first stock free. Limitations and fees
Robinhood means Robinhood Markets, Inc. and its in-application and web experiences with its family of wholly-owned subsidiaries.
Brokerage services are offered through Robinhood Financial LLC, a registered broker dealer with clearing services through
Robinhood Securities, LLC, a registered broker dealer. Cryptocurrency services are offered through Robinhood Crypto, LLC.
The Robinhood Money spending account is offered through Robinhood Money, LLC, a licensed money transmitter.
Company Website: www.robinhood.com
(For Speculation purposes only)
HOOD 7/10/2022HOOD
Daily chart analysis
Nothing under the HOOD
HOOD has been getting smashed for some time and I can’t imagine any bulls going long here.
It is current in an obvious downtrend with the 50ema acting as the Dynamic Resistance.
After hitting low of 6.85, price bounced to the 9.30s where it found resistance from the 50 ema
At the 50ema Dynamic Resistance, price was shot back down but found support at 8.06.
Price bounced from support but ran into 50 ema resistance and failed to make a higher high.
Price has now formed a “M” Top pattern at 50ema dynamic resistance.
High probability short trade = Bearish pattern + existing downtrend
Entering trade short
Entry: 8.34
Stoploss: 9.42 (12.95%)
Target: 6.85, +17.87%, 1.38RR ratio
HOOD | Is This Stock Accumulating Bullish Volume?Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park,
California, that facilitates commission-free trades of stocks, exchange-traded funds
and cryptocurrencies via a mobile app introduced in March 2015
This company was grown very fast during Covid-19 as many traders joined the market as a way
of spending the free time and making extra money:)
however HOOD is a very good stong and actually it is accumulating a lot of bullish volume as it seems.
The Contracting triangle on the daily chart is showing this bullish opportunity.
Targets:
🎯 10.94
🎯 12.32
Thank you and Good Luck!
$HOOD Fibonacci, Bull Flag, Trend line Retouch, now we go up?This chart is similar to the chart for WISH, in my opinion. Similar, yet holds a few critical differences- primarily, the trend line placement & consolidation since March 29th. It looks to me like the price consolidated in this wedge, is being held up, formed a bull flag, came back down to touch it, & in doing so has consolidated further on the fib levels of a fibonacci pattern, & is due to move upward.
Unless, of course, there's a whole lot more sideways action.. As we see with WISH.
*Not trading advice.
Robinhood jumps on extended tradingRobinhood (HOOD) jumped today on news that they have extended their trading hours to 7am-8pm. By 11pm today volume traded at 40M double average daily volume so far. I'm posting this as neutral because it's at resistance now.
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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