Simple TA, I'm not a pro, but if you like or dislike what i say or see please comment and give me your reason of why im right or wrong.
Trend-Based Fib set. Trend lines set.
Price action is traversing into Huge downward wedge ready to test another Fib level, has HOOD found a bottom? i hope so because this stock has been a huge Ouchy to my monies.
Let me know how i did boys
cheers
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I'm not sure how to add HOOD chart in updates to my post (maybe someone can help me with that) so i hope this link will do
4HR chart shows divergence on RSI.
Volume starting to ramp up.
if your new to hood i would still wait for some type of real confirmation before buying a position.
still slightly weary that it could go lower.
personally i think a pump in BTC would help us rn
Trade closed: stop reached
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i messed buying so hiiiigh. what was i thinking? i still see downside to this but not much. maybe now is a good place to start a position
I like the chart. Month end shenanigans. Tomorrow we rip?
UnknownUnicorn30106819
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@Chartguru1, thanks. This is one way to look at HOOD rn. just need to more time to see.. another way i look at it; the crypto market needs to decide if we are still in a Bull market for one last Massive pump. if so RH will certainly follow
Chartguru1
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@ransomdotpme, agreed. Market I think ok next few months till Ides of March. Hood I think goes to 40