Robinhood continues to strengthen its long-term uptrend, closing above both the 9-week and 20-week EMAs after rebounding sharply from its recent pullback. The 9-week EMA has crossed back above the 20-week EMA, confirming renewed bullish momentum.

The PPO remains above its signal line and has moved back into positive territory, indicating improving upside momentum. While the stock is approaching previous highs where some resistance could emerge, the overall technical picture remains constructive. As long as HOOD holds above its rising moving averages, the path of least resistance remains higher, although traders should be prepared for short-term consolidation after the recent advance.

Wishing you the best,

Wendy

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