Undertow

Bull flag Breakout

Long
NYSE:CS   CREDIT SUISSE GROUP
81 views
1
CS formed a bull flag and broke out above, testing the upper resistance, which is now support.
It is a broadening flag.
The price target is around 15.50, which is in the upper part of the trading range (see my previous post for the trading range).
The Swiss listing of Credit Suisse CSGNZ of course shows the same pattern, but it is not broadening:
it suggests the same price target.
Comment:  
Comment: I posted the above comment as a separate idea for the chart:

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