HMHC High Tight Flag
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
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
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