Here’s Why Robinhood Stock Price May Plunge After Earnings
Robinhood stock price has formed a risky chart pattern, pointing to more downside after its financial results later today, Nov. 4. HOOD was trading at $147, a few points from the year-to-date high of $154.35.
It remains about 400% above its lowest level this year, bringing its market capitalization to over $130 billion. This article explains why the HOOD stock price may crash after its earnings.
Robinhood Stock Price Technical Analysis Points to a Dive
The daily timeframe chart shows that the HOOD stock price peaked at $154.35 in October and then retreated to a low of $120, its lowest level on October 22nd.
The stock has formed a double-top pattern, which is characterized by two peaks and a…
