DoujinStars
The Long Investor
The Long Investor

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$HOOD

So far support has been found between the 0.618 - 0.78 and bouncing very well after finding a higher low support level.

I would like to see the price action hold above the 50 and 200 MA on the 1hr chart at $45 to confirm a reversal here.

If this can be done then I would expect a move back up to the blue line again at $66.

Remember, $HOOD can benefit from a bull and bear market due to the amount of buying and selling activity.

They also continue to expand their TAM either which I think is bullish.

$HOOD

Comments

be greedy for support! only one wave down on the daily and not a cheap valuation.

Marcus M

Great long term hold

sahilpreet Singh

Curious, why not on the Watchlist given the bullish setup, or am I misinterpreting the commentary?

Taylor D


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