The Long Investor
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$HOOD
🕑 Added 2025-02-20 17:04:07 +0000 UTC$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.
Comments
Piotr David
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)
TommyJR
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
Kmz
Def not
Joey Celona
I don’t think the bulls let it get there
basemint
$30 is fair value fundamentally based on P/Sales
Alex
If $29 happens it's such a good opportunity
sahilpreet Singh
This can still go to 3.618 if crypto starts its move.
