Maybe. Robinhood stock (HOOD) could have setup a bottom on the last earnings. The stock has been rallying today but the foundation for why this could be a bottom still presents a good reward risk trade. In this video I talk about the potential trading setup, why I like the potential, where it goes wrong and you need to stop out, and use HOOD as a teachable...
Today COIN took a large dip based on some skewed earnings. However with Crypto interest expanding as well as The NFT market buyers come in to show lots of support and didn't let it break $300 level support. Keep an eye open tomorrow as it may present a buying opportunity early in the trading session.
My first video on trading view. I was stating my view points on Robinhood vs etf.
The Robinhood NASDAQ:HOOD IPO is playing out and if traders were PATIENT they would have gotten fantastic risk to reward setups with today's price action. I use this an example of how better to play IPOs instead of buying on the first day as many do!