HOOD chart showing huge divergence in two indicators: OBV and RSI.
Following Statista, the number of users is flattening to around 22M users.
Forcast growth next 5 years: 200%
EBIT is still negative for quarter over quarter, but it is getting better, while operating expenses are reduced and current assets growing with current liabilities reduced compared to the last two quarters.
The company is not loosing users, but it keeps burning cash (huge issue with current market conditions)
The OBV indicator is showing the possiblity of smart money accumulating huge position in the stock.
The forecast with the current market situation is difficult, and financial situation of HOOD is not optimal.
Position open CALL 20Jan23
Thanks,
Sam
*Not financial advice
*Trade with your own risk.
Following Statista, the number of users is flattening to around 22M users.
Forcast growth next 5 years: 200%
EBIT is still negative for quarter over quarter, but it is getting better, while operating expenses are reduced and current assets growing with current liabilities reduced compared to the last two quarters.
The company is not loosing users, but it keeps burning cash (huge issue with current market conditions)
The OBV indicator is showing the possiblity of smart money accumulating huge position in the stock.
The forecast with the current market situation is difficult, and financial situation of HOOD is not optimal.
Position open CALL 20Jan23
Thanks,
Sam
*Not financial advice
*Trade with your own risk.
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