Robinhood’s Moment of Truth! Breakout, Retest, and Go?

Hi,

Robinhood is one of the potential candidates to be included in the S&P 500 index. The new grouping will take place in 21. March

From a technical perspective, this is one of the possible zones where, after a short pause, we saw a breakout and now the price has come back to retest the consolidation area.

Of course, fundamentals play a big role here, but historically, a similar setup has worked well last year.

So, the zone is set—let’s see if this move repeats itself. Technically, the key range is $35 - $44.


Cheers,
Vaido