Chart Pattern: Monitor for Flag-formation breakout
This counter is trading above the 2-50-200 EMAs with the RSI at the 50 level.
With the flag formation, we are expecting a breakout for an uptrend continuation.
A big candle with strong volume breaking 0.675 will signal the imminent breakout.
With the flag formation, we are expecting a breakout for an uptrend continuation.
A big candle with strong volume breaking 0.675 will signal the imminent breakout.
Comment:
It has gone south in the opposite direction. No more monitoring. The price is also trading below EMA 50.