“Robinhood is in an accumulation phase with bullish momentum shift and moving average support.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTHigher highs, higher lows, moving averages sloping higher, RSI moving upwards, all indicates a period of accumulation.
Why
What I most like about this chart is that the momentum has shifted. Look in the month of May, early May, RSI kind of ranging between 40 and 60. In late May into June and now early July, the entire range is pushing higher.
We've had some pullbacks to the 21-day EMA on the way up, all that have held.
The structured call
The receipt
Publish-day price $$112.90 · the claim is anchored to the moment it was said.