CHZ - Bullish Flag (1 Hour)
A bullish flag pattern typically has the following features:
Stock has made a strong move up on high relative volume, forming the pole
Stock consolidates near the top of the pole on lighter volume, forming the flag
Stock breaks out of consolidation pattern on high relative volume to continue the trend
Basically, once it crosses the slanted line, it would be a good time to buy.
Stock has made a strong move up on high relative volume, forming the pole
Stock consolidates near the top of the pole on lighter volume, forming the flag
Stock breaks out of consolidation pattern on high relative volume to continue the trend
Basically, once it crosses the slanted line, it would be a good time to buy.
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