lauralea

Bull Flag

Long
NYSE:SHAK   SHAKE SHACK INC
50 views
2
Possible Targets 2 88.8 to 95.5

A bull flag is a technical continuation pattern which can be observed in stocks with strong uptrends. The pattern takes shape when the stock retraces by going sideways (or by slowly declining) after an initial big rise in price.

A bull Flag only appears in an uptrend
No rising wedges
NV is high
Short interest mediocre

Not a recommendation

Comments

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