HOOD, now at 16.8 on Mar-19-2024 :
Wait and buy few at 15.9, 14.85, 13.85
Should be able to hold 6 to 8 months
Price levels to watch on upside --> 19.2, 21.26, 22.53, 23.56, 24.6
Expected gains from current price ---> 47%
Technically, NASDAQ: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
Robinhood's ( NASDAQ:HOOD ) Europe division has announced the listing of USD Coin ( CRYPTOCAP:USDC ) on its platform, triggering a surge of excitement among investors and traders alike. As the Robinhood ( NASDAQ:HOOD ) stock soared by 12% in pre-market trading, the stage is set for a groundbreaking expansion in the company's offerings and user engagement...
It's a bit unclear, but NASDAQ:HOOD is almost certain to follow the CRYPTOCAP:BTC performance trend (either direction).
If CRYPTOCAP:BTC continues to $100K+, expect NASDAQ:HOOD to push back toward previous ATH range ($48-$70) this year.
This post is dedicated to all NYSE:GME Bag holders!! Time to get your money back in Green.
NASDAQ:HOOD has taken a major hit to its price ever since the NYSE:GME debacle and deservingly so. With that said this company has brought in a whole generation of investors. The price is highly undervalued and poised to make a surge on the upside.
The Technicals:...
The stock breaks a resistance level after a long shuffle since January 2022, high volumes, focuses interest.
A critical level is at $16.5
Buy - $16.5 (full disclosure I am in the position from $14)
First target - $30
Not a recommendation of course...
Hi... the only way to trade the stock market... look at my signature below
Otherwise it won't work...
Keep in mind...
NASDAQ:HOOD recently broke through resistance from the recent high. The shorter term EMAs (9 and 21) have crossed and we see bullish divergence (RSI) on the daily timeframe. This builds a strong case for the bullish narrative.
We continue to look for strength and go long over $14.50
NASDAQ:HOOD Up On The Back Of $Bitcoin Breaking Out Should investors play the #Bitcoin bounce with proxies like NASDAQ:COIN and NASDAQ:HOOD , or buy into the currency itself?
This seems like the best r/r 12 month trade for 2024. I think it does +185% in about 10 months. The risk to downside is easy to manage from the monthly ranges.
Hood still looks to be trying to break the weekly channel here. The momentum was clear, there is very little resistance if this is broken to the upside. The earnings and growth has satisfied investors for the time being.
If you haven`t bought the dip on HOOD here:
Then analyzing the options chain and the chart patterns of HOOD Robinhood Markets prior to the earnings report this week,
I would consider purchasing the 12usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $1.88.
If these options prove to be profitable prior to the earnings...
This market is in stage1 since august 2022
this week 12/02/2024 it break this base
strongly by strong bullish bar
Break the MA which is up
the volume is huge
the RS is positive
so I will open long at 14
SL10
TP 25
