Hello,
i think Robinhood is a "Buy" soon from a technical view and also from a fundamental view.
This is a longterm (5-10years) play without using leverage.
I came up with this FIB as its one of my only ways to figure out price discovery (lol).
I propably advice to buy in steps soon and/or make your own TA as idk if this fib makes sense and will play out.
Now to the Fundamentals:
Retail historically often bought Market Tops (1929 / 2000).
And i think this will happen again in the coming Years.
Slowly retail trading interest will rise to the level of absolute euphoria before a market crash (arround 2030 is my guess).
And where will retail buy the Tops? Right. On Neo Brokers like Robinhood.
After an overpriced IPO Robinhood prices now enter potential undervalued Prices.
Sorry for being a little cynical, im a retail trader myself, so no offence intended :P
DYOR and please leave a like if you liked this :)
i think Robinhood is a "Buy" soon from a technical view and also from a fundamental view.
This is a longterm (5-10years) play without using leverage.
I came up with this FIB as its one of my only ways to figure out price discovery (lol).
I propably advice to buy in steps soon and/or make your own TA as idk if this fib makes sense and will play out.
Now to the Fundamentals:
Retail historically often bought Market Tops (1929 / 2000).
And i think this will happen again in the coming Years.
Slowly retail trading interest will rise to the level of absolute euphoria before a market crash (arround 2030 is my guess).
And where will retail buy the Tops? Right. On Neo Brokers like Robinhood.
After an overpriced IPO Robinhood prices now enter potential undervalued Prices.
Sorry for being a little cynical, im a retail trader myself, so no offence intended :P
DYOR and please leave a like if you liked this :)
Comment:
I believe with enough time HOOD will go back to ATH and higher in the coming Years.
Comment:
My Fib setup suggests to buy HOOD at 14 USD, but as i said price discovery isnt one of my TA strenghts. So i believe its better to do your own targets. But generally i believe HOOD is cheap currently, thats why i opened this Idea.
Comment:
14 USD price entry is soon reached. we got rising volume recently which i see as a bullish confirmation. looking good so far
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