Successful trading is hard. Robinhood traders are learning a tough lesson as many of their favorite stocks break down.
Three of the Robinhood favorites, Carnival Corporation CCL, Plug Power Inc. PLUG and Zomedica Corp. ZOM, have been trending lower and it looks like these downtrends will continue.
Carnival has been trending lower since it failed at resistance around the $30 level. There isn’t any clear support between current levels and $24.
See also: How to Buy Stocks on Robinhood
Plug Power has been trending lower since February. Shares have dropped from $70 to current levels around $25 and it looks like this trend will continue.
Zomedica has been in a downtrend since the middle of March. When shares reached the $1 level, there was little if any support. This is a bearish dynamic that suggests the downtrend will continue.
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