Apr. 27 at 1:24 AM
$HOOD despite the recent run up with the rest of the market, HOOD is still in a larger bearish pattern. We would need to see a breakout from the mid term trend. Revenue missed last ER. Crypto has also been weak ever since the big selloff of bitcoin. Sites like Webull have also ramped up adding more competition. So lots of reasons to be bearish.
The removal of the
$25K minimum for day trading limit will help next ER forecast but I'm not sure it will offset enough of the downside to keep make this bullish.
