DMTK High Tight Flag

NASDAQ:DMTK   DermTech, Inc.
High tight flag chart pattern forms when a stock rises over 90% (preferably 100%) or more in two months, then consolidates sideways for 15-25 days with a decline of no more than 25%. When there's a breakout of the sideways 'flag' on high volume, the powerful uptrend often resumes.

The entry point is either as the stock breaks the high of the flag or breaks a downtrend line - but only ever on higher than average volume.

Looking here for a breakout above either of the dotted lines on a day with high volume for a gain of between 20% to 100%, market conditions being favourable.

Would not enter prior to earnings on 4th.

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