Stock Of The Day: Where Will The Robinhood Sell-Off End?

Core Viewpoint - Robinhood Markets, Inc. (NASDAQ:HOOD) shares fell nearly 11% following the earnings report, but there is potential for the stock to find support and reverse its trend [1]. Price Levels and Market Behavior - The $115 price level previously served as a resistance in August, and after breaking this level in September, many sellers regretted their decisions when the stock fell back to this price, leading to a significant number of buy orders that formed support [5][6]. - The $121 level also acted as a resistance in early September, and after breaking, it became a support level again when the stock returned to this price, indicating that remorseful sellers entered the market as buyers [6]. - The behavior of anxious and impatient buyers can lead to a rally off support levels, as they begin to outbid each other, potentially pushing Robinhood into a new uptrend [7].