AI
Tuesday, January 04, 2011 11:56:55 AM
This is a Bullflag and Ariad's flag looks like it.
BULL FLAG
A formation consisting of a small number of price bars where the slope of price bar highs and lows are parallel and declining.
Bull Flags are identified by their characteristic pattern and by the context of the prior trend.
In the case of a Bull Flag the trend leading to the formation of the Bull Flag is up.
When a market is in a strong uptrend
And goes into a bull flag consolidation
That is a low risk try to hop abaord the stock with the trend
The buy point is when the flag high is taken out
The stop if wrong is the flag low
BULL FLAG
A formation consisting of a small number of price bars where the slope of price bar highs and lows are parallel and declining.
Bull Flags are identified by their characteristic pattern and by the context of the prior trend.
In the case of a Bull Flag the trend leading to the formation of the Bull Flag is up.
When a market is in a strong uptrend
And goes into a bull flag consolidation
That is a low risk try to hop abaord the stock with the trend
The buy point is when the flag high is taken out
The stop if wrong is the flag low
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