Robinhood Markets, Inc. (HOOD) stock is trading around $111.73, down approximately 0.75% on the day amid a mix of significant network metric releases, corporate feuds over stock tokenization, and positive analyst updates. Robinhood reported strong numbers for August, reaching 28.6 million funded customers and $384 billion in total platform assets.
Technical View:
HOOD is set in upward motion. The stock continues to scale on a bullish momentum with higher highs and lows, in respect to the framework. Price is approaching the trend support line, as we look forward to a long retracement.
Key Outline:
A clear pullback within $110-$111, activates a buy position eyeing $130, as next potential high.
Thanks for reading.
Technical View:
HOOD is set in upward motion. The stock continues to scale on a bullish momentum with higher highs and lows, in respect to the framework. Price is approaching the trend support line, as we look forward to a long retracement.
Key Outline:
A clear pullback within $110-$111, activates a buy position eyeing $130, as next potential high.
Thanks for reading.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.