The Long Investor
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$HOOD
🕑 Added 2025-01-21 12:15:51 +0000 UTC$HOOD has been very strong since holding support for Wave 4 and the Wave 5 target is locked in for me at $58.
What is very interesting now is that this PT is aligned at hitting when the earnings is expected.
So we could see a situation here where there is a rally to earnings as it is expected to be good and then a pull back for an ABC correction with the 200 Day MA a good reference point to pull back to.
The 2.618 Fib is always the target for Wave 5.
Comments
Opguy
Updates?
Gareth Neary
I think trimming at Wave 5 makes enormous amount of sense after such a strong run
TommyJR
Have also had this wave and ER aligned for a while .. I will be trimming heavily near PT or prior to earnings if close enough .. been more than a double π₯
