Technically,
HOOD
is poised for a breakout, which could unlock 40%+ gains initially (+ potentially 60%+ later - but it's too soon to tell).
Catalysts: trendline support, above 50 SMA, crypto momentum, strong financials.
Watching for confirmation:
1. Breakout from the rising channel
2. Overcoming 15$ resistance
HOOD
is poised for a breakout, which could unlock 40%+ gains initially (+ potentially 60%+ later - but it's too soon to tell). Catalysts: trendline support, above 50 SMA, crypto momentum, strong financials.
Watching for confirmation:
1. Breakout from the rising channel
2. Overcoming 15$ resistance
Comment:
A small idea title correction- it's a 125% combined move from the current point
Comment:
Observing the formation of a potential bullish flag.
I increased my position at $11.6 with the expectation of a retest.
However, after the recent upper channel rejection, I'll manage risk cautiously and only add further if price action dips closer to the channel bottom.
I increased my position at $11.6 with the expectation of a retest.
However, after the recent upper channel rejection, I'll manage risk cautiously and only add further if price action dips closer to the channel bottom.
Trade active:
Found support at 50 SMA & trendline
Earnings beat (+16%), cup & handle forming
Ready for further upside
Earnings beat (+16%), cup & handle forming
Ready for further upside
Trade active:
First target reached