HOOD - STOCK ANALYSIS: Market leader weekly chart bases and

HOOD STOCK ANALYSIS
· What will the reader learn? Hi, in this stock analysis we’re going to talk about HOOD. Recently leading the way with super strong market action and being a clear leader.
· STAGE: 2 with continuation uptrend and currently going for ATH. It has given some great opportunities along the three base counts.
· Base counting: When the stock forms a base (5W min.) and breakouts, I want to see that breakout go +20% min. If it doesn’t, I still see it as the same base count (same color). Only when the breakout move goes +20% I’ll consider the new base as an extra count (different color).


Summary
· HOOD provides commission free trading serving over 25.8 million funded accounts.


Fundamental Overview (as of writing of this article)
· EPS: Growing triple digits
· Sales: Growing strong +36% +115% +50%
· Funds: Increasing, institutional money flowing in
· Industry Ranking: 32
· Composite Rating: 98
· RS Rating: 98
· EPS Rating: 81
· Acc/Dis Rating: A-


Technical Analysis
· Stage: 2
· Weekly Charts:

HOOD

· Bases:
o 1: Tried to go 3 times. +76% move after it

o 2&3: Completely different base personalities (one shallow and one deep) but great results so far on both.


Final Thoughts:
· I think HOOD has been a great trader and has given many great opportunities. This is so far the TML so not going to make any suggestions for targets because these type of stocks can continue beyond what you think.
· So far is extended, the key to get in is to wait for bases on fundamentally sound stocks, so for now holding current position but not adding.

Do you agree with my analysis? And if not, what do you think I missed?