ROOT GOOD SHORTThere is a strong ceiling area above that, as you can see, the price had already reached there and went down, so I speculate that the price will do the same and, seeing the legs it has, it is short.
ROOT trade ideas
$ROOT: TRENDING BULLISHLY. POTENTIAL SQUEEZE. 🚀🚀🚀Hello, everyone!
We're seeing promising signals for $ROOT. If its price maintains above our key monthly indicator, we anticipate an uptrend. A very bullish trend will be confirmed when the daily indicator rises above the monthly one. Should this happen, we'll be on the lookout for the weekly indicator to follow suit. Our first price target (PT) is set at $76, with a strong move to $180 on the cards once the weekly crosses the monthly threshold. NASDAQ:ROOT has already made a massive move up, but this is only the start of something huge. However, if we see the hourly indicator fall below the monthly, this would need to be reassessed, as it could invalidate our current forecast.
NFA! Good luck, everyone!
Breakout Buy in ROOTROOT is an app-based insurance company offering home, auto, and renters’ insurance in all 50 states. With a market capitalization of just $156MM, it is below the small-cap threshold making this a micro-cap stock.
In other words, it's small. But it wasn’t always. The company was worth roughly $6 billion when it IPO’d in 2020 - roughly 400X larger than its current valuation.
But the stock is showing serious signs of a turnaround. There was a huge volume breakout in June when shares shot from $6 to $14 in one day. A move that extreme needs to be digested since profit taking is almost guaranteed to weigh on the price over the short term.
After a series of shallowing retracements which I have highlighted on the chart above, ROOT is setting up for a potential breakout higher. I want to see a break of the most recent highs near $12 to give the best odds of success.
If the breakout is valid, it should take off and not look back. Traders could use a 10% stop to give it a little room to work but don’t give it too much rope. This is a volatile stock that can make big fast moves in both directions.
ROOT - Setup Looks Great - Highly ShortedRoot, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. The company operates a direct-to-consumer model and serves customers primarily through mobile applications, as well as through its website. Its direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. The company was incorporated in 2015 and is headquartered in Columbus, Ohio.
Root incroot car insurance has been in a slouch but has been up and coming for quite a while now just entered on 50percent retrace looking to lock in 200 % gains. This is strictly my opinion and not at all financial advice goodluck to all!!
ROOT - low-risk stock to hold, earnings ~Feb.23The yellow lines on chart connect closing prices on a line graph. I like the stochastic here for a turn up. Take profits when RSI-14 moves up to 50 or price moves up to dashed line.
There will be a pullback, and at that time you will choose whether to hold some for a move higher, or sell all and buy again after a pullback. If this company is to succeed, then price should move up from here.
ROOT - Only Goes DownMore of an educational quickie this one.
ROOT is another name that endlessly traps longs, never gets above significant fibs and just goes down and down some more.
But these circled upside pops can be quite good for shorting and an easy ride down.
The gap up shows weakness and on a chart like this there is a very good chance price will collapse back down after a brief pop.
Then waiting for the star shaped candle to close open a short - SL above the top.
Not advice.
For 20% gainsI've taken this trade with commons only.
Got some at $4.80.
Earnings may trigger 20% up/down.
Take the trade if trend line is broken.
I am planning to cut the trade after earnings.
#DYOR
~CHEERS
ROOT BreackoutROOT breackout is confirmed, retest of old resistance to become support is possible.
Bullish divergence in RSI.
Good luck to everyone :).
Sam
ROOT - Daily - GapDown ERWith Root's past performance, it is clearly in the bear trend.
It is normal to assume Root's ER gap down.
ROOT Short Squeeze candidateLook at that chart! Isn`t it beautiful?
ROOT, Root Inc. Cl A has the highest amount of FLOAT SHORTED in the market right now: 46.48%
The Average Volume is high, 8,099,037usd.
This should be a short squeeze candidate.
My price target is the 6.63usd resistance short term and 12.8usd in case of a short squeeze.
I look forward to read your opinion about it.
Long | ROOTNASDAQ:ROOT
It looks bullish , I expect sideways and then bounce up to hit the targets
TP1: 6
TP2: 6.5
Call options 12/17/2021 Strike 5$
Timeframe 2 weeks
*This is my idea and could be wrong 100%
$ROOTROOT breaking supply trendline within a longer term channel.
An event like this could call for a retest of the channel heartline (red dashed line).
The longer it takes, the lower the price target will be. An eventual breakout of the heartline can call for a test of the supply trendline of the channel.
$ROOTBreakout of massive falling wedge, with triple classic bullish divergence on 1D. Stop-loss underneath recent lows.
$ROOT - squeeze possible over 5.5Saw this pop up on the squeeze metrics or a similar site. RSI divergence is nice and over $5.5 she can run. Not suitable for my clients since there is not report or at least there was not one last time I checked. I bought some at 5.09 for fun. Let us see what she can do! GLL!
ROOT - Daily - Break or No Break?1. Indicators: RSI, MACD, and KDJ is well setup for a run.
2. Price and Volume just looks like the hulk wanna break out.
HOWEVER
1. financially pessimistic numbers and weak earning power
2. the past price performance is with doubt it will ever perform
3. the general "BIG TREND" is a downtrend, the consolidation started Aug 13 might just be a correction of the "BIG TREND"
If I were to play this, (in my opinion):
-Buy shares sell covered calls.
-option premium is great at the moment.
-sell some puts?
Root Insurtech has an interesting propositionBut so far has failed to gain momentum.... Still, I am starting to slowly accumulate this beaten down name... Its still in the downward channel, but it could be showing some signs of life again. If it can start to move into and stay in the upward channel I'll take a larger position. The fundamental side is interesting in that they offer insurance to a new younger type of client and are challenging norms in InsurTech.
$ROOTFirst published chart on recent position taken in $ROOT. Will continue to refine overtime. Believe this could break out soon due to market dynamics and momentum. Manage your own risk. Not financial advice.
$ROOT Root Wedge break on everyone's wish list.
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment.
Fear leads to doubt and doubt leads to Insurance.Post pandemic workforce and travel is in constant change.
Technology innovation is an easy way to spot a long term winner.
Why should you pay for insurance on a car sitting in the driveway while you work from home?
An insurance company of the future should adapt your premiums based on your behavior in the car.
Just speculation. Not financial advice.
$ROOT $10 soonBelow $5.8 is giving us good RR to go long with it and Volume profile confirms it. Soon it will start curling up to test $9-$10 level
