HOOD | Robinhood Markets - Bullish Harmonic Pattern
As we all have seen the stock market is suffering losses for a long
period of time and it is barely finding the bottom.
However, for many, this could be also a wonderful opportunity despite the
the fact that the price can stay in very low zones for a long period of time.
However, related to the economic...
Wallet users can now view their owned NFTs and coins.
Robinhood Wallet was created to compete with MetaMask.
Robinhood has recently entered the software wallet market. The crypto business released the Robinhood Wallet, accompanied by smartphone software that allows users to exchange and send cryptocurrency. Furthermore, users may now view their own NFTs and...
Today you can review the technical analysis idea on a 1W linear scale chart for Robinhood Markets, Inc (HOOD).
Robinhood price has broken out of an ascending triangle and re-tested the resistance heading lower. Measured move could bring the price down to $6. It is a weekly chart so it may take some time to get there.
If you enjoy my ideas, feel free to like it...
Bahamas-based cryptocurrency exchange FTX's filing of Chapter 11 bankruptcy on Nov. 11 have sent stocks of financial services companies dealing digital assets tumbling, further reducing the already dented confidence for the cryptocurrency industry.
According to Bloomberg News-compiled data, the implosion of FTX, which at its peak was the third-largest...
Sam is gone, forced liquidated and hood made the right shoulder?
Don't think this stock is going to survive on its own, nor if their is going to be a buyout that is going to be higher than $20
Not investment advice, do your own due research.
Look First / Then Leap
Just speculating...
HOOD
This garbage has been in a downtrend since it went public.
After reaching low of about 6.88, price pulled back to 11.00 where it ran into resistance.
A Double top pattern as now formed with a neckline at 9.25.
There is also a bearish MACD divergence with the price action.
Looking for price to break thru neckline and continue downtrend.
Taking swing...
Take from the rich, give to the poor. Maybe this is all of our chance on HOOD. Nice bull trend on the short term and intermediate. AT SOME POINT, this company gets bought out. Only question is when.
HOOD has been a losing since it's long awaited IPO, but it's not all bad, I strongly believe HOOD has a chance to bounce back up to the range of 15-16 USD a share, I have just recently some shares at 10.81 and I will hold for the short term, take this lightly, I am not certified, do your research, this is just why I am buying HOOD.
This is just my basic MONTHLY charting.
I have marked what I see as the bottom (support).
I see overall DOWNTREND with POSSIBLE reversal to UPSIDE.
I have marked my potential BUY LEVELS for LONGS/CALLS.
HOOD chart showing huge divergence in two indicators: OBV and RSI.
Following Statista, the number of users is flattening to around 22M users.
Forcast growth next 5 years: 200%
EBIT is still negative for quarter over quarter, but it is getting better, while operating expenses are reduced and current assets growing with current liabilities reduced compared to the...
HOOD price is forming a double top pattern.
How to trade:
- enter short only if / when the price breaks below the neckline
- Volume surge on the breakout point will be a confirmation for a real breakout
- stop loss and target shown in the chart
Fundamentals:
- Macro remains bearish overall.
- DXY still strong.
- More downside expected in the stock and crypto...
As you can see, since HOOD formed a double top pattern, it has been consistently declining from the second peak. I have marked out the important resistance and support lines for you to get a better idea of where HOOD is headed. If HOOD is able to break the current resistance, it has a chance of retesting the main support again, but it tested the current resistance...
I have some confidence that we are nearing the bottom of the dip for HOOD.
Expecting to see some relief here from the selling that has taken place since highs were made immediately after IPO.
DYOR.
I'm already building a position here, first PT is 20$+
if it break 11.12 you can see 15-16 .
if more traders is considering you can see 20 too
very strong resistant level.
sellers always push down from this level.
a lot of fake break out
if it close to day upper than 11.12 you can go long.
respect the stop loss
but MA20 - 50 support the price in week coming ahead.
HOOD
Since going public in Aug 2021, HOOD found itself moving sideways and making lower highs into support area at $40 area until Oct.’21.
Price went on to break down from this descending triangle and enter a strong downtrend respecting the 20ema.
Price fell from $40 to $10 where it found support.
Between late Jan.’22 thru present date, price has been making...
