Bullish Outlook and Entry Strategy for Robinhood (HOOD)

11 days ago

Viva Jaw

"I bought Robinhood on April 24th, two days after a strong follow-through day, at around $48, even though it was still below the resistance at $49.88. The chart showed three days of strength and a retake of the 50-day moving average, which gave me confidence in my entry. I haven\"t added to my position since then because I believe in its fundamentals and disruptive potential, but I\"m keeping a close eye on its technicals."

The speaker describes his entry strategy for Robinhood, emphasizing that he entered after confirming a follow-through day and a pullback near the 50-day moving average. While he remains bullish on HOOD due to strong fundamentals and disruptive business model, he is cautious not to overcommit until further technical confirmation.

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