$HOOD reports after the close today and it has run very strong towards these earnings which is a concern, as a possible buy the rumour, sell the news event.
I suspect many people have been expecting a strong earnings, very similar to what we are seeing with $HIMS too.
The normal Wave 5 level is at the 2.618 fib and that is at $58.76 and it has not been hit yet
Extending beyond this level or holding above this level and the 3.618 Fib is the next target at $75
if there are any concerns or misses from this report and many may take profits and pull this down, so I have added in the Amber fib support levels.
The 200 Day MA is moving up to the 0.5 Fib now at $31, this would be an area of interest then to add.
Kapil Pandey
2025-02-13 14:28:49 +0000 UTCTommyJR
2025-02-12 21:13:19 +0000 UTC