Robinhood (HOOD): Can It Dip Below $100 Before New Highs?
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Robinhood (HOOD) is currently undergoing a corrective phase after a five-wave advance from its 2022 low of $6.81, peaking at $153.86. The stock is expected to pull back to the $80-$63 Fibonacci retracement zone before resuming its bullish cycle. Investors are advised to look for buying opportunities during this pullback, utilizing Elliott Wave analysis for precise entry timing. The overall bullish trend remains intact, positioning traders for the next major rally.
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