Robinhood Breakout Incoming? What’s Fueling the Surge? $HOOD
Robinhood #HOOD stock has rocketed this year, climbing from the low $10s to a recent high above near $80 an over 600% rally.
So what’s behind the surge, and is there more room to run? Let’s break it down with both fundamentals and technicals.
@threadreaderapp unroll
Nothing goes straight up: except maybe HOOD this year 🚀but even strong trends need rest stops.
A pullback to test near $75.41 could offer a high-conviction reentry for longer-term bulls on the first retest.
Robinhood’s Point & Figure chart triggered a powerful bullish breakout pattern, confirming a major trend shift.
After surpassing the $72 range, price pierced above $78, with the next upside magnet aligning around the $85 level.
We now watch for a clean breakout above $79.92 to ignite further momentum toward $85.10 and beyond.
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A Thread: My Favorite 5-Minute Trading Setup That Just Works.
Let’s talk edge. This is a AND avoid FOMO Chasing)5-min scalping strategy I’ve used for years to catch high-probability moves. (AND avoid FOMO chasing)
All I this strategy needs is two moving averages:
20 EMA and the 50 EMA
Start by identifying the trend. If both the 20 EMA and 50 EMA are sloping up, we’re in a bullish environment. You're only looking to buy dips (not shorting).
Setup Logic: Price pulls into the 20 or 50 EMA with VWAP support nearby Wait for a 5-minute engulfing candle or hammer - doesn't matter if you trade $TSLA $SPY or $AAPL or any US stock or #crypto
The S&P 500 has reached a pivotal moment, clearly reflected in recent price action across multiple timeframes. Let's break down key levels, indicators, and targets for $SPY.
Daily Chart ($SPY at 597.44): Price action reveals an emerging bearish pattern. Notably, a clear head and shoulders pattern on the 60-minute chart signals potential downside.
Key Level to Watch (Neckline at 596): A decisive close below this neckline triggers a short-term bearish signal. Immediate downside targets: • ~591 (38.2% Fibonacci retracement) • 588-586 (50% retracement & 200-period hourly MA)