Trade Call on Robinhood with Technical Price Target

1 day ago

"I wouldn't be surprised to see Robin Hood head towards $33 to $35 per share in the next 1 to 3 months. Now, on the technical analysis front, you can see how the stock has consistently gone up and the moving average continues to follow. These indicators are exactly what I look at in my community Mondays and Wednesdays when I do my live coaching call. I like to keep it super simple, which is why I trade options based on these metrics. It’s an interesting time on a technical level for Robin Hood, and even though I already have a position at $138 per share, the chart tells me there is a clear setup for a short-term run."

The speaker offers a trade idea for Robinhood, predicting a short-term target in the range of $33 to $35 per share based on technical indicators. He emphasizes the consistency of the moving average and RSI and mentions using these metrics for his options trading, suggesting a timely entry for traders.

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