Just been watching HOOD's weekly chart and there's something really interesting developing here. The stock has been on an absolute tear lately, especially after breaking through that 100 level and hitting fresh all-time highs. What caught my attention is how it keeps repeating this pattern - it forms these bull flags and then explodes higher every single time.

I've counted three of these bull flag setups already, and each one led to pretty significant upside moves. Right now we're seeing the setup for another one, and honestly the setup looks textbook. The thing that makes this really compelling is the support structure underneath. You've got that solid horizontal support zone that used to be resistance - that's classic role reversal stuff. Then there's the 100-period moving average acting as another floor, and these two are creating a really tight confluence area.

When you look at the bigger picture, the bull flag pattern is basically telling us the stock is consolidating before the next leg up. The support is holding exactly where it should, and once we see that golden MA crossover trigger, that's probably when things accelerate again. The momentum setup is looking strong enough that I wouldn't be surprised to see HOOD make another run toward those upper levels of the formation.

The next few weeks should tell us a lot. Everything is aligned for another bull flag breakout, but we need to see the price action confirm it. Worth keeping a close eye on this one.