NASDAQ:ORMP   Oramed Pharmaceuticals Inc
High tight flag chart pattern forms when a stock rises over 90% (preferably 100%) or more in two months, then consolidates sideways for 15-25 days with a decline of no more than 25%. When there's a breakout of the sideways 'flag' on high volume , the powerful uptrend often resumes.

The entry point is either as the stock breaks the high of the flag or breaks a downtrend line - but only ever on higher than average volume .

Looking for an entry if it breaks back above the moving average lines on higher than average volume . ATR and volume declining recently is a good sign.


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