MaryJane
Long

Immaculate Bullish Flag!

NYSE:AB   ALLIANCEBERNSTEIN HOLDING LP
293 4 26
The downtrend since may is history.
After the trendbreak, a flag as it could not be more beautiful was formed.
The upmove ended and consolidated till the 38,2 fibo in an almost "textbook manner".

Prices above 24.6$ will generate a longsignal--> TP 29,5$
Prices below will initiate the next consolidation-round
Comment: Flag Adjustment - AB reached the next action point - here a decision has to be made!
snapshot
Comment: Attention please! Bearish Flag within the big flag!!!
snapshot

Related Ideas

Plus, head and shoulders formed on 4hrs.
Reply
That is a perfect bullflag. but I'm weary of it because the monthly chart looks really ugly... also, that bull flag might be a sheep in wolves clothing because there is a h&s pattern hidden in there. we will see!
snapshot
Reply
Hi gLloW, thx for your comment and Chart .. i am totally with you, especially because this flag is against the maintrend you also mentioned. The probability is not bery high that the flag will be triggered respectively will reach the TPs.
Reply
Du warst ja wieder fleissig heute.
Reply