Robinhood launching a premium credit card is an interesting move as they try to capture more market share. From a charting perspective, HOOD has been consolidating in a range between $11.50 and $14. If this news acts as a catalyst, a break above $14 with increasing volume could signal a potential run towards the $17 resistance level, triggering the bulls.
However, the market may see this as a sign of desperation for revenue, and the stock could reject at $14. A failure to hold the $11.50 support would likely lead to further downside, potentially testing the $9 level. I'll be watching the price action and volume closely to see how the market digests this news.