TradingVanguard
Oct 20, 12:29 AM
Hey guys,
Robinhood
$HOOD is still in a strong long-term uptrend. It has held its main support line since July 2024, building on a massive run.
Here’s how the price action and key levels line up in my opinion.
$65.00 remains a key floor that opened up higher price ranges in the past. Above us,
$123.00 is the main ceiling to break. We need to see a strong weekly candle close above
$123 before a big move up can really take off.
The best way to enter would be a bounce off trendline support, especially when the weekly RSI is oversold which gives a great spot to jump in for the next leg up.
My price targets is a retest of the
$123.00–
$133.00 resistance, which includes filling an open price gap up to
$133. Target 2 if we have a big breakout with volume and clearing above the resistances pushes price toward the 1.618 Fibonacci extension target above
$200.00.
The video covers all key details, including specific price targets, support, and resistance levels in more depth.
(NFA)
https://youtu.be/6JsROTKK_cs
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