#HOOD Robinhood Stock - +20% move coming
Today I am reviewing the 1D (daily) chart for Robinhood (HOOD) on a linear scale.
In the chart I noted:
1) The price is shown inside a parallel channel since August 2021 when the the price had a major drop.
2) I am showing a prior fractal as noted in the red oval for the upcoming price. The fractal top price of $37.62 is in line with significant resistance as shown on the Volume Profile (VPVR).
3) The RSI (relative strength index) is now oversold and about to touch the bottom trend line of the parallel channel. This may move upwards helping the price rebound.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
In the chart I noted:
1) The price is shown inside a parallel channel since August 2021 when the the price had a major drop.
2) I am showing a prior fractal as noted in the red oval for the upcoming price. The fractal top price of $37.62 is in line with significant resistance as shown on the Volume Profile (VPVR).
3) The RSI (relative strength index) is now oversold and about to touch the bottom trend line of the parallel channel. This may move upwards helping the price rebound.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
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