HOOD hasn't been trading for more than a few days but a look at the 15min chart shows that there could be a few important levels to keep track of. Mainly the 786 and 618 fib lines. 786 has shown to be the low end support level that has more or less withstood heavier selling pressure. meanwhile the 618 now appears to be a level of resistance as of the last candle...
Englisch:
15 min time frame
The stock market start of Robin Hood, was as expected, not very successful.
Currently, the price has broken out of an upward trend channel (green lines) which could have become a five wave Elliot Wave, downward, and in the afterhours rose again, in the pre-market I expect further increases between 35.86USD up to 36.78USD.
Then I...
-Robinhood, don't know how to feel about you, you have potential but not much chance with all these available great platforms that are outperforming yours greatly.
-At Caldoon, we love innovation, and the only innovative thing that Robinhood brought to trading is making it look like a game. Which is more fun and adaptable for the new generation of investors...
Anyone playing hood yet? Still going to take some time to set it’s self up. I find it fun to run charts on 5-15m time frames due to the minimal chart price action. Looks like today it made a descending triangle which has a target exactly to first low. I would expect buyers to step in there however no way to know otherwise seeing there isn’t any confluence below...
NASDAQ:HOOD
Well, I decided to skip this IPO. Probably good for a long term investment.
If Robinhood will enhance the number of cryptos and add IRA accounts + no restrictions for retail ivestors I'll consider of buying. But now it's too shady.
