SamSuka
The Long Investor
The Long Investor

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$HOOD

$HOOD has been declining since it reported its strong earnings last week.

The decline from $66 to $54 is not due to $HOOD being a bad company, it's that the market front ran the impressive earnings and it is typically difficult for a Wave 5 to stay above the 2.618 Fib without needing a pull back

No changes to the chart here, the amber fib levels reflect a Wave 5 complete.

Interesting to see the 0.618 Fib aligned with the 200 Day MA now at $29, wouldn't that be a nice opportunity.

$HOOD

Comments

I'm looking for 44-46. That aligns with 50 dma which on the chart the past year led to full sends (ex: August 5-15)

Piotr David

Based on the Quarter they just did Id be surprised I will be adding back over the next couple of quarters - still holding 60% of shares

TommyJR

Def not

Kmz

I don’t think the bulls let it get there

Joey Celona

$30 is fair value fundamentally based on P/Sales

basemint

If $29 happens it's such a good opportunity

Alex

This can still go to 3.618 if crypto starts its move.

sahilpreet Singh


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