Robinhood Markets

$HOOD

HOOD 0.00%↑ is through its AVWAP from IPO for the first time since 2021. Given the duration of this base, it’s logical to expect the next move to be pretty meaningful.

The stock is up 30% in the past two weeks and RSI is hot. I’m watching for a consolidation/digestion of this recent move up around that IPO AVWAP, where a hold above could open a nice risk/reward trade on the long side.