Momentum vs Resistance: $HOOD Profit Zone, $NOW Breakdown Pressure, and Key Rejection Levels in $AST

PeterDiCarlo
06-19 10:10

Short-term momentum is starting to meet resistance across several high-beta names, with selective profit-taking becoming more important at current levels.

Meanwhile, system-defined bands and cycle signals continue to separate continuation setups from potential reversals.

1. $Robinhood(HOOD)$

$HOOD +17% since this pattern broke out

Short term I would be taking profits and expecting a rejection

If rejection does NOT occur and Weekly FVB flips green, we can become bullish long term again

2. $ServiceNow(NOW)$

$NOW rejected exactly where our system expected.

It’s down ~30% in the past month and as long as price is under the 33FVB, my base case is rejection until that band flips back to green.

3. $AST SpaceMobile, Inc.(ASTS)$

$ASTS is taking longer than expect, but good things come to those who wait

4. $Hims & Hers Health Inc.(HIMS)$

$HIMS is up ~27% since we flagged the $2M whale, but we’re now coming into my biggest rejection zone.

If I took this, I’d be taking some profits and waiting for the weekly 33FVB to flip green before calling a new Bull Cycle

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