This is a small flag..RSI matches price and also shows a flag..
This one has come a long way so far, so possibly some more pulling back..
Large player volume is high as well as relative strength
This one happens to be in my group I tarde a lot but by no means a recommendation..But I am a nurse so I like HC stocks
This one has come a long way so far, so possibly some more pulling back..
Large player volume is high as well as relative strength
This one happens to be in my group I tarde a lot but by no means a recommendation..But I am a nurse so I like HC stocks
Comment:
So far it has a flattened base which is bullish as a rule for a flag pattern but a down sloping resistance line is desirable... The lower it dips and lots of space in between candles, makes a bull flag less bullish/Called a loose flag and do not perform as well as a tight flag...High and Tight flags are better with very little space between candles ..this one is not so high..And of course you need an uptrend leading to the bull flag or it may be a bear flag if in a downtrend..it is ok if the pole slopes..The pole does not usually appear a perfectly straight line. Often Volume will slack off during flag formation but should increase when it breaks the pattern..