HOOD is a long-term buy; technically set up for all-time highs targeting at least 200 (potentially 300) as long as it holds above 92.
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I think Circle, HOD, Hood, Robin Hood, MSTR, not too interesting in MSTR, my take, but I, you know, it's something I'm watching closely, looking for a reason to get in whether long or short.
Now, the other one is Hood. Hood has been a tricky chart all year long, but it's set up for all-time highs right now in my view, as long as it holds 92.
Um, the the two directions it could go is it should at least go to 200 for this B and the alternate as that it goes to 300 in wherever my wave five is Um it it's possible that it puts in another Bwave and comes back down again at least until we have a higher low out after the after five waves in this move.
So whether it's going to go immediately up from here or um or go deeper in this wave two, I do not know yet. But yeah, it's looking good. Um, I mean, just higher lows, higher lows, and and we're um we're at least, you know, over the we're we're at least set up to break out over this range.
And then, um, it based on structure, it should run through this um this high here. I don't see a reason why it would take much of a break unless somehow this third line lines up like, you know, just above that high.
So, that could be a possible, but it doesn't look like it should spend a lot of time there um based on what I read now. And my view may change as we get into that all-time high, but yeah, at least 200 out of it.
So, using the bottom of this labels, at least 200. It's possible it extends a little bit further. [snorts] Uh, so that one's good.
All right. Um, if I'm new to the game on Hood, what would be a good stop? Well, so let me um let me be really clear about Hood. Um, this is going to sound crazy. To me, Hood is a long-term buy.
Um uh and I to me like for my long-term investing, I'm not scared out of this stock until it um sustains below 59. I'm not saying it gets there. Um so that's the long-term view.
So I, you know, we get down to this blue box. I'm not running from from it. I'm actually getting bigger because it's now becoming a a deal, right? because the long-term chart is like, you know, I'm not saying we, you know, now ignore time, my chart, because like this would suggest by 2040 it's at 13,000.
That's a long way off. Um, and don't don't bet on time. Um, you know, it has lots of time for Robin Hood to start failing as a company.
But, um, oh, and the other question too is why do I have this as a crypto stock? Because actually they make most their money on crypto, which is funny. And I and I think Prediction Markets, which is like is really crazy. there there's so it's such a den company in terms of the um the people that it serves. [laughter]
Um all right. Uh so then the stock Oh, sorry. I'm looking at coin. Sorry. I'm looking at coin. Let me let me sorry I was on the wrong chart. Coin 59 Robin Hood 14. Okay. I'm not saying it gets down there.
So long-term chart on Sorry. Sorry to to lose my head there. Um 14 is where I'm at from a longterm selection. We get anywhere in this box. Okay. And now the reason I'm bringing that up, you not be may not be wanting to trade that right now, but I just want to be very clear that while you might want a tighter stop and you might stop out, we get down into the 40s.
I'm becoming an aggressive like value buyer. Okay? Basically, because in terms of its long-term chart, that's that's a steal from my perspective. Now, I'm not aggressively buying because I expect to get rich off it.
I'm carefully buying because once it's in the 40s, it can draw down for a while and even go to 14, right? So, I just want to be clear about that just to give context to um you know, if I say stop out, I don't want to be disingenuous like you may stop out of an aggressive trade, I may be getting in even more long.
Um with respect to the short-term trade, I'm not concerned with it until we sustain below two, which means once we um break 90, sorry, 92. Once we break 92, um that opens a door to get into this blue box down here.
Okay. And again, right now that's off this blue box is off the table in the immediate future because of what's happening here short-term on the chart. So that to me is the most like careful stop, meaning it invalidates everything.
I mean, if you want to get more aggressive, you can even use this low. It's just the problem with this low is that is that um this could be a B. This could end up being a C. You know, again, if this if this correction wants to go a little bit longer and it may challenge 92, right?
So you stop out here and then you'd want to buy. you stop out at um what's the point of stopping out at 102 if um 92 is the most ideal place to buy, right? I'm not saying we get to 92, but in terms with respect to this setup, that's the steal.
That's the value buy uh so to speak, like the lowest value to expect to be able to buy this in the 92s. I shouldn't say 92 because technically 92 is below 9230. But um so uh and then if you want to be even more careful about your stop because sometimes wave twos break support um and then spike and reverse.
Okay, it's completely invalid. Like meaning I no longer expect it to go up to upside at 84. Okay. Um, I mean, it's always possible. It it does a liquidity rate on this low and then goes there's a lot of possibility.
So, you can open it up even further if you wanted to. Okay. So, I'm going to read that back to you. And my my take is give your trades more room, size down. That's always my take on trades.
Okay. So, I'm going to give you all the reasonable stops and I'll let you choose what you want to do. Um, I want to be very clear. Uh, I'm not worried about the setup. For me personally, it's this I'm going to let a if the market closes below 92, that's my stop.
Okay, for this immediate setup, okay? And even even uh even currently with this setup, I may be adding options if I can get 92 because that's, you know, that'd be a real quick option buy at a great value, you know, buy some like three-month options or something.
So, levels. Okay. So, and you can choose any of these for a stop, but I would I would suggest in general like in just just not advice per se, but principal level, give your trades more room, size down.
You you will have more successful trades that way. So, 102. Okay. 92 and then uh then lastly, you know, there's no reason to expect upsides at 70. Uh so those are all the levels actually and there's 84 too. 84 and 70.
Okay, you pick your stop. Uh but again, just you know, I'm giving you a trading principle there. Give your trades more room, you'll have more su, you'll have a slightly higher win rate.
Size down, then you're not blowing up all the time, right? Just a general principle. What do dens do? They they they give you a tight super tight stop with super leverage and then they're just losing more trades and they're blowing out more often. [snorts]
Um, all right. So, do you have a hood long-term high? Uh the projection again projection here for this chart is the problem is like the the issue with all of this is 350. Um let's see then if we really want to go dream space 6400 but like okay this is not realistic for anyone on this call to trade right now right this is like super future the market will have plenty of times to break this company before then right um I don't you know to me the the here and now to me is trading a range between 84 and 300 that's enough for me for the future you know am I even alive uh with um hood going to 6400 I don't know you May God save me until keep me on this earth until then.
That would be beautiful, right? But but I can't who knows the future, right? What's it what's ahead of us? What's a realistic, you know, for all of us on this call? We can consider trading a range between um you know, it could go lower into the 40s, but between I'm going to say 40 to 300.
That's our range to trade in future. And right now, it seems to want at least 200 before it sees anything lower at the at the um you know, in sort of the you know, tradable future, if you will.
Okay. I don't think I don't think um trading long-term charts like this are are realistic until we're we're down in the wave two lows someday. And this wave two can be up up here in the 90s.
It's possible that it ends up being very shallow. Um but until we have a wave two form, this is not realistic to to dream about personally.
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ElliottWaveTrader has only this one call on this stock.