Flag and pole pattern?
CHART -> SUMITOMO CHEMICAL WEEKLY SETUP
As seen per charts, there are few things to note:
1. In weekly time frame, it has given a beautiful flag and pole breakout.
2. Last breakout candle has been with marginally better volume.
3. RSI has gone above 60.
4. MACD crossover during breakout candle.
Targets:
1. All Time High: 460
2. Flag and Pole target: 540
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
As seen per charts, there are few things to note:
1. In weekly time frame, it has given a beautiful flag and pole breakout.
2. Last breakout candle has been with marginally better volume.
3. RSI has gone above 60.
4. MACD crossover during breakout candle.
Targets:
1. All Time High: 460
2. Flag and Pole target: 540
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
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