HOOD — All updates

some of the, you know, some of the Robin Hood stuff is is leaking over into what's going on on Salana.

Can we take a look at Robin Hood? Yes. Yes, we can. Uh, we looked at Robin Hood last week. Uh, I know it was doing well. I haven't looked at it since then.

I mean it looks like, you know, it looks like a crypto chart. So, here was that runup again two weeks ago. Um, and it's way above it. So, yeah, it's like, yes, it's down on the week right now.

Cathie Wood grows Robinhood stake and sheds more AMD and Palantir.

And then finally, she's buying Robinhood. Um I'd say jury's out on that one. Uh it's And And she I I don't know how many shares. She bought uh 27,000 and 83 shares. So, we'll say 27,000 shares.

Okay, it traded 18 million today. So, it wasn't it She didn't move the stock. Um but what they have been doing is they've been adding Robinhood shares over the last uh few months.

So, they have a total of 3.6 million. Okay, that's a lot of shares at almost uh almost half a billion bucks uh worth of stock. So, um she's been building a position. I have no idea what the cost basis is.

I'm just telling you this, stock came up to a new high here, but this is so choppy. I wouldn't go near it. Um and if I was going to do something, it would be on the sell side.

How many more videos do I need to make to prove to you that SoFi and Robinhood are incredible opportunities, yet you keep making one mistake after another? Look at Robinhood, it's now at $122 per share and honestly I've made six videos this year.

and right now I think SoFi and Robinhood are a great opportunity for investors. Wall Street has finally caught on and reassessed Robinhood , as you can see now that Morgan Stanley has upgraded Robinhood's rating to 'overweight' and raised its target price on the stock from $124 to $150.

Finally, folks, we have Hood stock to watch. HOOD's stock has seen an explosion on the charts, mainly due to some of the revenue they have generated from cryptocurrencies and the use of their customers' tokens for purchases through their network.

What a beautiful rise for Hood stock today, up 16.57%.

Why was Nike even on your watch list, guys? Well, first of all, we thought looking at the companies that we put up here today, there has to be at least one or two companies that go lower on the end and or lower on the spectrum, not necessarily targeting S tier.

So, we thought, you know, why not why not talk about Nike also because, you know, it's one of those companies that for a very brief moment in time, we actually owned. Um so, I think it's we didn't revisit it at any point after that.

So, um I think it did make sense to just uh quickly quickly bring it up here.

Okay. B I AF. I also did was just taking a look here. It looks like Robin Hood is up. I didn't see any news for this, but it's up 5% 6% now.

Did they have uh earnings? I thought they had earnings like uh this week. Maybe I'm wrong about that. Oh, Wednesday. Oh, no. That's a director selling. That's not a whole lot. They're going to present at the Goldman Sachs Communications and Technology Conference on September 9th.

So, same day as the same day as football starts, same day as the Apple that is September 9th is going to be a big day.

We hope you have seen that little report about what is happening at Robin Hood and their meme coins. It's funny, creative, and actually clever.

We are seeing memes popping up like crazy now, especially on Robin Hood, which is also interesting.

So, Uniswap is currently experiencing tremendous success thanks to what's happening with Robin Hood and meme coins . The Robin Hood series is making a strong push at the moment. That's why Robin Hood moves.

Now, on the other side of the story, up 8.17% is Hood. Now, what's great about Hood, guys? You can see this. We've got these three trend lines drawn. You can see from this first one, the declining wedge, we've had price when it came down to create this pivot that allowed us to then draw this trend line.

Then when price came back down, look at the consolidation before the break and the retest of that trend line. Now, we see price has broken down from this trend line, okay? The most recent one from the pivot low in May of this year.

Price, what is it trying to do? Exactly what it did right here, guys. It's trying to come back up and hit this inclining trend line, the same trend line that it just broke from, but also it's got a secondary contending long-term trend line from pivot to pivot to pivot.

So, we this is going to be a serious test for Hood in the coming day. 113.44. Now, if we gap over that, you'll will find resistance on this inclining trend line, $115.34. Notice how that lines up very closely with a gap fill considering the fact, too, um Hood is getting closer to overbought scenario.

It's not quite there, but it's certainly getting close. And the more it continues to push, the more of these levels of resistance will start taking over and helping this RSI to balance out.

Where I see eventually, once the price action can get through these areas and turbulent times in the coming days, I see Hood doing exactly what it did over here. It retraced to this inclining trend line, and beating this will allow it to retrace to this inclining trend line.

But in if that happens, and there's a lot of ifs, we've got an inverse head and shoulders pattern here, guys. I'll be happy to to mark this along with you and I detail that down on a future show, but that's why this break is so important for Hood.

We've got a lot on the line here. This is a big inverse head and shoulders pattern. Something that can make a move all the way up to the $180 range on the chart of Hood, but it's got to get through these major levels in the near future.

These levels will help trigger that inverse head and shoulders pattern.