Robinhood Markets, Inc. (HOOD) is a financial services platform best known for pioneering commission-free trading of stocks, ETFs, options, and cryptocurrencies. With a mobile-first approach, Robinhood has attracted millions of retail investors and continues to expand into new financial products like retirement accounts and credit cards. The company’s growth is fueled by user-friendly technology, democratization of investing, and increasing participation from younger generations entering the markets.
On the chart, a confirmation bar with rising volume shows strong buying interest. The price has entered the momentum zone after breaking above the .236 Fibonacci level. A trailing stop can be placed just below this Fibonacci line using the Fibonacci snap tool, helping traders secure gains while leaving room for additional upside.
On the chart, a confirmation bar with rising volume shows strong buying interest. The price has entered the momentum zone after breaking above the .236 Fibonacci level. A trailing stop can be placed just below this Fibonacci line using the Fibonacci snap tool, helping traders secure gains while leaving room for additional upside.
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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.