This flag needs to break if it is planning on doing so (o: The flag is n the verge of becoming too heavy for the pole to support. Compare Flag 1 to Flag 2. Flag 1 has a nearly straight pole to the upside and the flag pole more than adequately supports the weight of that flag.
Pocket pivots (green triangles) are in abundance on the pole.
The flag is a Bull Flag as it has a pole to the upside. This would be recent Bull Flag number 2.
A flag or pennant in neutral until the top or bottom trendline is broken.
As a rule, volume decreases during flag formation, but high volume on the break of the trendline is important.
No recommendation but I do own this stock.
Be safe/Laura
Pocket pivots (green triangles) are in abundance on the pole.
The flag is a Bull Flag as it has a pole to the upside. This would be recent Bull Flag number 2.
A flag or pennant in neutral until the top or bottom trendline is broken.
As a rule, volume decreases during flag formation, but high volume on the break of the trendline is important.
No recommendation but I do own this stock.
Be safe/Laura