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LCessa
Apr 20, 2022 1:46 AM

HOOD ↗️ Long

Robinhood Markets, Inc.NASDAQ

Description

Buy Signals:
- Bullish Divergence
- Fibonacci Cluster ( matches beginning of div )

Other Signals:
- Greater than average volume breaking above the Cloud ( this would validate a trend change)

Invalidation:
- BB%B: A significant drop below the bullish div trend line
- Cloud: Greater than average volume with drop in price in within or below.

Target Price:
- $38.20

Stop Loss:
- fluid ( * lack of stop loss is not advisable * )

Strategy:
- Dollar Cost Average while price is below $16

Type of Trade:
- Long Swing Trade


Comments
Wilson5s
is this trade still valid? what are your thoughts next week for earnings report?
LCessa
@Wilson5s , its still valid for me so long as BB%B bullish div continues. In my experience, prices usually tend to re touch or very nearly touch where the divergence began; however its difficult to tell exactly where the prices "catch up" or "resync" with the indicators, I will likely continue to buy as prices fall. This is a t/a based trade for me; but based on the t/a, I anticipate it will be an interesting or rather banal report.
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