Robinhood has been consolidating since early February. After establishing a low on March 30, the stock has continued to form higher lows, suggesting a strengthening price structure. Based on this recent behavior, it appears to be developing a bull flag pattern.
Trade Plan
• I have set an alert on the downward-sloping trendline of the bull flag.
• If that alert triggers, I will consider opening a position, while keeping in mind that nearby resistance may limit the initial move.
• If price breaks above that resistance and holds, I will consider adding to the position.
Risk Management
If I enter the trade, I plan to place my stop just below the most recent low at $79.49.
Final Note
If this setup aligns with your view, please adapt it to fit your own trading and risk management plan. Ultimately, it is your capital, so make sure every decision reflects your strategy and risk tolerance.
Trade Plan
• I have set an alert on the downward-sloping trendline of the bull flag.
• If that alert triggers, I will consider opening a position, while keeping in mind that nearby resistance may limit the initial move.
• If price breaks above that resistance and holds, I will consider adding to the position.
Risk Management
If I enter the trade, I plan to place my stop just below the most recent low at $79.49.
Final Note
If this setup aligns with your view, please adapt it to fit your own trading and risk management plan. Ultimately, it is your capital, so make sure every decision reflects your strategy and risk tolerance.
Dagangan aktif
I opened a position in 
HOOD yesterday, as noted on the chart. I will follow my trading plan as outlined above.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.