HOOD The head and shoulders (H&S) pattern was invalidated, and the stock has since run without me. 😤 It is currently in a frictionless area, meaning there is not much resistance in either direction for the stock.If the stock were to play out a full Fibonacci extension, it could reach the $33.90 area. However, a pullback to the $24 to $22 area is certainly possible, which would check back at the price level where it broke out.
I will not be chasing the stock and will let it come down to the buy area noted on the chart. The Earnings Report (ER) is tomorrow, and it could create an opportunity for an entry. 👀
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.