TradingView
Andy-Brittain
Mar 3, 2021 10:10 AM

HMHC High Tight Flag Long

Description

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 for a breakout through the dotted line with higher than average volume, ideally after a few more days flagging out past the 15d arrow
Comments
wyckoff70
nice work .started follow .
More