Robinhood has quietly gone from one of the market’s biggest laggards to one of its most interesting charts.
After a brutal correction from the $153 highs, HOOD spent months repairing the damage, building a base, reclaiming key moving averages, and now finds itself pressing into a major confluence zone.
Price is sitting just beneath a long-term descending trendline while simultaneously battling for control of the 200-day EMA.
That’s exactly the kind of setup that can produce a meaningful move.
📊 What I’m Watching
• Higher lows have been building since the April bottom
• Price has reclaimed the 20, 50, and 200 EMAs
• Descending trendline resistance is coming into play
• Volume has remained healthy during the recovery
• RSI is holding above 50 and trending higher
• Volatility has contracted as price compresses
The bulls have a strong argument here.
The stock has spent months working off excesses from the prior run while establishing a healthier structure. Instead of immediately rolling over at resistance, HOOD is consolidating beneath it. That’s often how strong stocks behave before attempting a breakout.
A decisive move through the downtrend line could open the door to a retest of the prior highs near $150.
After a brutal correction from the $153 highs, HOOD spent months repairing the damage, building a base, reclaiming key moving averages, and now finds itself pressing into a major confluence zone.
Price is sitting just beneath a long-term descending trendline while simultaneously battling for control of the 200-day EMA.
That’s exactly the kind of setup that can produce a meaningful move.
📊 What I’m Watching
• Higher lows have been building since the April bottom
• Price has reclaimed the 20, 50, and 200 EMAs
• Descending trendline resistance is coming into play
• Volume has remained healthy during the recovery
• RSI is holding above 50 and trending higher
• Volatility has contracted as price compresses
The bulls have a strong argument here.
The stock has spent months working off excesses from the prior run while establishing a healthier structure. Instead of immediately rolling over at resistance, HOOD is consolidating beneath it. That’s often how strong stocks behave before attempting a breakout.
A decisive move through the downtrend line could open the door to a retest of the prior highs near $150.
Trade ist aktiv
This one was pretty obvious. $87-$105. Stops moved up and riding this higher.Anmerkung
$108 and climbing
TraderSWRLS
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TraderSWRLS
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.