ROOT potential reversal sign.ROOT forming a rounding bottom. Could be a good sign that a reversal is incoming. Also volume has been increasing. Could also turn into a cup and handle if we get a small pullback.
ROOT trade ideas
Root Root Root for the Long TeamRoot, heavily shorted out of the gate, probably a bit much. Good tech on the insurance side, great value here at $14, upside to $20+. Strong technical response thus far, early stages of reversal. Watching key bound test at $21 to see if bull channel takes.
CITRON is giving a GREAT LONG opportunity with $ROOTCitron following swing trading strategy idea
Root, Inc. provides insurance products and services in the United States.
The share price is rising and gonna continue this trend today after the new Citron report publishing. The stock has very much short float and insiders purchases near prices much higher than current.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $13,22;
take-profit — $17,18;
stop-loss — 11,90.
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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DRINK BEER $ SLEEP It's my 2nd analysis feeling great to join this community of follow Traders . Straight to toady's analysis on Root INC.
Wow...! we bulls kept control over the market toady with the closing $11.88.
Chart Analysis :-
1.Todays close is near the open of Green Candle ( Sign of Bullishness) 1 day chart .
2.Lower Long Shadow on 17 March 2021 is acting as support level.
3.4hr Pattern a Proper Cup Handle Formation .
4.4hr BE pattern.
NOTE:- Do your Own Research . Don't Relay on this information .
Trade Safe
ROOT: Ready for another run?This one is interesting. Made a new ATL in an overall pattern that looks corrective. Will we see another run to the top of the current corrective trend? What's your views on root?
ROOT - 4H (four hour interval)Buying calls once it starts making higher highs & higher lows. Not financial advice.
Root Inc., buy opportunity 30% below its October high.
Stochastic at the oversold point.
In bullish channel since December.
Playing a stand on the inside pitchfork.
With potential to return to $ 24.
Some of its customers include American Airlines, Cheddar's, Holiday Inn Express, Starbucks, Taco Bell, Petco and Swarovski.
With institutional participation from Vanguard, Wells Fargo and BlackRock.
NASDAQ:ROOT
ROOT Ready for BreakoutI have been waiting on ROOT to set up for about a month now. Now is looking prime for a breakout. My bias is to the upside; however, I will not enter until the breakout took place. Once it breaks out if it retraces back to the resistance/support, I will look to add more to the size of the contract/equity. My stop loss will be below resistance/above support.
*The idea above is my own opinion and does not serve as any kind of investment advice. Please do your own due diligence.*
ROOT Ascending Channel key pointCurrently at a pivot point in the uptrend.
Could expect to see a big move either way once supply zone is tested.
Long ROOTRoot is close to the end of the ABCDE consolidation. Will break out, first target is the neckline 30$.
Then we might have a cup and handle in the future, depending on the new quarter finance result.
New "Higher low" formedThe volume was low during the reversal, so it is a bit concerning, but the overall chart is looking bullish.
So I would enter a small position and add more if it dips.
Watching ROOT to break JAN 12th low and have no follow through ROOT has been selling off hard. Looking for a bear break of Jan 12th low to go long. #BearBreakZeroFollowThrough
ROOT UpdateIf you held on to it and followed my previous analysis - great job!
Looks like we had a mega beautiful cup and handle set up, a breakout and retest. As long as we hold the retest and do not slide down, I see no problem reaching $30 and then $40
ROOT - Root helps Global 2000 companies around the world with strategic change management and digital transformation to solve critical organizational challenges. It is also a parent company of the millennial
As long as $14 hold, I am playing it. Looks like could be a replay of Upwork chart. Great company, great story - shitty price action. I like it. Not enough data to "analyze" it but looks good enough. I like the inverted head and shoulders on RSI and double bottom (as long as its not breached, otherwise there is no floor). Good luck out there!
ROOT over 16.00Growing account pick. ROOT has been in a downtrend since its IPO, hopefully has found a bottom, with a gap above can be a nice bounce play.
$ROOT ing for this trade to work$LMND was my first millennial insurance love, maybe root can be my second.
