Bull Flag on the Hourly
Updated
JAGX looking very tasty. Classic pole with flag. Looking for breakout at any time after consolidation period.Note negative momentum decrease on MACD, look for seller exhaustion to queue breakout to upside.
RSI also in uptrend.
Where will it stop? Look @ price history and determine profit-taking areas.
Note
Market Open 2/19/21Looking for support at $2.70-75. Dump on RSI to trigger overbought conditions and rapid move upwards. If it breaks support thesis is done, stop loss.
Note
Market Close 2/19/214h showing seller exhaustion on MACD, watch for buy volume and tweezer bottom to signal trend reversal to upside. Stop loss in case of support breakdown.
Note
2/22/2021 13:32 EST4h showing seller exhaustion on MACD, double bottom.
Gap fill established in run-up flag pole being respected.
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