Thanks chiefwils0n for spotting this gem: 
(read his write-up before this).
AMD formed a nice flagpole on the Feb-10. And it's in a flag (within a much larger flag -- again, read link above). I'm looking to open a position at the 20 EMA on the hourly with a firm target of $97. There's a bit of resistance at $99 which could see a large volume red candle to follow. If it breaks above hold onto those shares and ride to ChiefWilsOn's target. QQQ looks marvelous going into Tuesday. As a far as flag setups go on the 4hr/daily, none on my watchlist look as pretty as this one, going into Tuesday.
AMD formed a nice flagpole on the Feb-10. And it's in a flag (within a much larger flag -- again, read link above). I'm looking to open a position at the 20 EMA on the hourly with a firm target of $97. There's a bit of resistance at $99 which could see a large volume red candle to follow. If it breaks above hold onto those shares and ride to ChiefWilsOn's target. QQQ looks marvelous going into Tuesday. As a far as flag setups go on the 4hr/daily, none on my watchlist look as pretty as this one, going into Tuesday.
Note
Hard red candle hit the 20 EMA hard, Mini-bear flag in play. It's looking like the larger flag will need to consolidate for an extended period, as it did in 2017. Keep this one on the backburner!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.