HOOD Swing Idea - short-termNASDAQ:HOOD is triggering the 5/10 ema cross on the daily and looks good in this spot here.
I'd like to see it get over the 50d SMA (20.63 currently) for added confirmation. If it opens above, I'll be buying at market open.
Using the daily ATR of .98, my exits are as follows:
SL: 19.26
TP1: Trim at 21.36 (some intraday supply here)
TP2: 22.83 start of supply zone
TP3: 23.69 only if showing signs of strength through supply, and only runner(s).
Max Date: Market Open of 9/24.
^^^If SL or TP levels have not been hit by max date, I'll exit at that time.
What I'm buying:
I like the Sept27, 20.5c's, currently 1.06, or a safer version is the Oct 20c at 1.86.
1hr chart showing small supply zone