I like $HOOD here

as long as we don't see a close below that big bull candle I'm quite positive on HOOD. It's one of those 50% off the IPO high play. It's in a hot industry as well. Nice relative strength today compared to the QQQ.

This day 9 is not at the high, I call it the consolidation 9. Consolidation 9 imo is bullish. It is below TDST resistance so that is bearish.

I have a position at $40.02. Lucky I got it filled during extended hours. I will exit once we see a high below VWEMA 9.

Good base overall.
Chart PatternsFundamental AnalysisHOODIPO

Also on:

Related publications

Disclaimer