Feb. 1 at 2:36 PM
$HOOD Who agrees? Mathematically, HOOD has entered "Deeply Oversold" territory. With the RSI currently sitting near 28, history shows that selling at this level is a reactive move. When the momentum indicator dips this low, a bounce back is statistically probable as the selling pressure exhausts itself.
Robinhood reports results on February 10. Analysts are expecting a massive 30% revenue jump year-over-year, and the stock has already priced in a lot of "bad news" from the recent dip. If they show strong growth in Gold subscriptions and new account features, the current price levels near
$100 could be seen as a major discount in hindsight.
Panic selling into a "flash crash" on a low-liquidity weekend is how value is transferred from retail to institutions. The technicals suggest we are at a critical psychological support floor near the
$98-
$100 range. Don't let a temporary flush shake you out before the company's actual story is told on the 10th.
