We see the long base.
It looks like accumulation to me.
The Pitchforks L-MLH shows good support in the angle price is flowing.
Now that price climbed above the 200 D. MA, it's even more worth putting HOOD on the watch list, or even start to buying in.
In such situations, where it looks good, but no clear indication by my strategy fires, I reverse pyramid my position, for example like:
1. Buy = 50%
2. Buy = 25%
3. Buy = 12.5%
...and so on, until I have my full stake on the plate.
And of course I look for profit taking on the way up, selling 1., then 2. then 3. ....
And I always try to optimize with Options Strategies. So, what ever happens, I sleep like a Baby §8-)
It looks like accumulation to me.
The Pitchforks L-MLH shows good support in the angle price is flowing.
Now that price climbed above the 200 D. MA, it's even more worth putting HOOD on the watch list, or even start to buying in.
In such situations, where it looks good, but no clear indication by my strategy fires, I reverse pyramid my position, for example like:
1. Buy = 50%
2. Buy = 25%
3. Buy = 12.5%
...and so on, until I have my full stake on the plate.
And of course I look for profit taking on the way up, selling 1., then 2. then 3. ....
And I always try to optimize with Options Strategies. So, what ever happens, I sleep like a Baby §8-)
Note
At the Centerline, Partial Profit is a good idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.