HOOD formed a symmetrical triangle after a massive rally from ~$20 to ~$150. This consolidation now acts as a make-or-break zone.
Bullish Case:
• Break above $140 → continuation toward $160–$170
• Supported by the 50-day SMA at $111
Bearish Case:
• Drop below $120 → correction to $100–$85
Conclusion:
Robinhood is in a decisive consolidation. The breakout direction will define its next big move.
Bullish Case:
• Break above $140 → continuation toward $160–$170
• Supported by the 50-day SMA at $111
Bearish Case:
• Drop below $120 → correction to $100–$85
Conclusion:
Robinhood is in a decisive consolidation. The breakout direction will define its next big move.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.