Sunday, November 22, 2020 3:56:16 PM
As you say, the flag is much too long ( 4 1/2 months) and the link does describe it as a descending triangle ( bearish).
Wouldn't you know it. The stock is at a crossroads right now and can resolve either way within days or a week. Enter the bar chart I posted to help make a technical decision. Should it continue to back and fill within a narrow range as it has, showing ever so slightly equal or higher lows, and ever so slightly equal or higher highs, indicators would improve even further, short term moving average would turn positive and the weight of the evidence would suggest owning or buying the stock.
I, in any case would not be all in until the stock breaks out of the range on the upside convincingly. I surely wouldn't sell it here or on an upside breakout but would be inclined to do so if it breaks below the range.
The direction is never clear. Is it?
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