$HOOD over 50 daily ema is bullish
🚨 #YUSUKE_ALERT for 
HOOD 📊
📈 Technical Analysis:
- Current price: $21.16
- Trading above 50 EMA (purple line)
- Recently bounced off support at $19.85 (PT1)
🔑 Key Levels:
PT1: $19.85 (Support)
PT2: $21.30 (Resistance)
PT3: $21.84 (Extended target)
March 2024 High: $23.40 (Major resistance)
👀 What to Watch:
- Bullish momentum above 50 EMA
- Potential breakout above $22.05 resistance
- Volume increase to support upward move
🎯 Possible Strategies:
1. Long calls targeting $22.72 or $23.44
2. Bull call spreads (e.g. 21/23 spread) for defined risk
3. Buy shares with stop loss below $19.85 support
⚠️ Risk Management:
- Set stop loss below $19.85 for long positions
- Take partial profits at $22.72 (PT2)
- Be cautious of resistance at March 2024 high ($23.40)
Remember,HOOD can be volatile! Manage your position size carefully. 💼🧠
#Robinhood #FinTech #OptionsTrading #StockMarket #WallStreet #TradingAlert #InvestorInsights #MarketMovers #TechnicalAnalysis #FinancialMarkets #TradingStrategy #StocksToBuy #TradingLife #FinanceNews #TrendingStocks
HOOD 📊📈 Technical Analysis:
- Current price: $21.16
- Trading above 50 EMA (purple line)
- Recently bounced off support at $19.85 (PT1)
🔑 Key Levels:
PT1: $19.85 (Support)
PT2: $21.30 (Resistance)
PT3: $21.84 (Extended target)
March 2024 High: $23.40 (Major resistance)
👀 What to Watch:
- Bullish momentum above 50 EMA
- Potential breakout above $22.05 resistance
- Volume increase to support upward move
🎯 Possible Strategies:
1. Long calls targeting $22.72 or $23.44
2. Bull call spreads (e.g. 21/23 spread) for defined risk
3. Buy shares with stop loss below $19.85 support
⚠️ Risk Management:
- Set stop loss below $19.85 for long positions
- Take partial profits at $22.72 (PT2)
- Be cautious of resistance at March 2024 high ($23.40)
Remember,
HOOD can be volatile! Manage your position size carefully. 💼🧠#Robinhood #FinTech #OptionsTrading #StockMarket #WallStreet #TradingAlert #InvestorInsights #MarketMovers #TechnicalAnalysis #FinancialMarkets #TradingStrategy #StocksToBuy #TradingLife #FinanceNews #TrendingStocks
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