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Robinhood Stock Soared 16% Monday on News of S&P 500 Inclusion. Watch These Key Price Levels

1. HOOD added to S&P 500, boosting share prices significantly. 2. Stock price broke a falling wedge, indicating continuation of uptrend. 3. Bullish target set around $230, with growth expected until December. 4. Key support levels identified at $100, $78, and $67 for potential pullbacks. 5. Record trading volume signals strong investor interest and momentum.

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FAQ

Why Very Bullish?

Inclusion in S&P 500 often leads to increased buying pressure from institutional investors, similar to past cases like Tesla.

How important is it?

The article highlights significant market impact through S&P inclusion, influencing future trading patterns for HOOD.

Why Long Term?

The bullish trend could sustain into December, aligning with technical indicators and increasing investor participation.

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