HOOD Trade on Oct 28, 2021 09:05 from Rolling-Bubbles: Tradervue User Stock Trades.

Hood remains of interest to me because it is fresh off of earnings and between two very important levels. Price is approaching all time low support levels and already where a lot of wick action occurred on the opening two days. These levels certainly have history and price has memory. 34.7 and 33.25 are the support levels while the 5 SMA is just rushing down. Eventually price may really squeeze between the two if we do not get any resolution soon. Right now I playing a bounce of the support levels with the 5 SMA is upside targets, kinda like the trade with BABA. The way to play this set up is to really be aware of the pivot points. In the BABA trade, all it took was for an intraday resistance levels to get crossed for the tide to turn. The bears and the bulls were tangled there at the lower levels and HOOD for now is still fresh at these lows, I may not to see some more back n fourth between the bears and the bulls.

This was a second day reversal trade though the volume was not there so it was not an A+ set up and the levels were not clearly defined as well. The premarket flushes on earnings day to 34.7 did serve as pivot points but it was hard to gain conviction about the trade because the volume just never came in even though price did manage to close high of the day due to this leg up. I bought the flush below pivot 34.7. Even the reclaim did not come with much volume. There was "unusual" support at 34.7 that I should have capitalized on, that would have actually been the only way to make the play worthwhile, I could have added my max size for this trade here at 34.7ish, below it and I would be out. I could enter again upon a reclaim. The surge from this 30 cents range that lasted for almost 2 hrs, didnt even break with volume