This trade candidate continues to show impressive relative strength on the weekly chart, with shares surging more than 13% this week and breaking out from a multi-month consolidation pattern. The recent bullish flip in the Parabolic SAR confirms a shift back to an upward trend, while the RSI has climbed to 58, indicating strengthening momentum without yet reaching overbought levels. Volume expanded noticeably during the advance, suggesting strong buying interest behind the move. Here’s the regulatory news that is moving this ticker.

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After successfully holding support near the $70 area earlier this year, Robinhood (HOOD) has established a higher-low pattern and is now challenging prior highs around $110. This is all driven by likely regulatory changes to allow new crypto style trading on stocks. While some short-term profit taking would not be surprising after such a strong rally, the overall technical picture remains bullish, and a sustained move above recent resistance could open the door to further gains in the weeks ahead.

Wishing you the best,

Wendy