May. 9 at 4:00 PM
$HOOD
Structurally, the key question here isnât whether it moves up or down, but how it behaves around this area.
If price continues to build a base near Gann arc support, while the 20-week SMA flattens and eventually flips from resistance to support, the structure still looks like a healthy consolidation.
But the real question is simple: is this constructive base-building, or just prolonged weakness?
How do you read this setup?
Free sharing and subscription đ @StockMacroView.