Flag Pattern

29/07/2010 00:41

 

When a stock has been forming a flag pattern above support for a couple of weeks -  A move above the high of flag with an increase in volume would be a bullish development and could signal a resumption of the breakout. If prices were to pull back from the flag, the recent level would be an area to watch for support. The top of the flag to watch on a pullback for support.