TWE: a Bull Flag here?
This chart was posted by a fellow trader at our recent ATAA meeting and caught my attention for the clean chart pattern it presented.
IMHO, TWE is consolidating in a classic-style Bull Flag under the psychological, whole-number $20 level.
The Flagpole here is about $15 so Technical Theory would suggest that any bullish breakout move might extend by a similar margin.
Thus, I'll be watching for any weekly breakout here and, if bullish, I'll be looking for a move up to the $35 level.
IMHO, TWE is consolidating in a classic-style Bull Flag under the psychological, whole-number $20 level.
The Flagpole here is about $15 so Technical Theory would suggest that any bullish breakout move might extend by a similar margin.
Thus, I'll be watching for any weekly breakout here and, if bullish, I'll be looking for a move up to the $35 level.
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