Live monitoring of the Diamond setup on HOOD. See where price is heading.
Indecision. Widening then narrowing range.
Bearish continuation if preceding move was down.
Market participants tracking Robinhood Markets should note the latest formation. The stock is trading at $68.9, down 1.73% on the day. Price action has carved out a classic Diamond. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $63.51, targeting $42.28 with support near $74.13 (R:R 2.0).
What is your outlook on HOOD?