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