Flag pattern...On verge of breakout !!

2 окт. 2021 г.

Stock after gaining whopping 170% in just 2 months (May - July) has consolidated and is on verge of breakout from flag pattern on weekly chart in coming days, weeks. One can consider long position with SL 75 on weekly CB or wait for the price to close above the upper trend-line and ride the trend. Targets mentioned on chart, as those levels acted as resistance in its downfall. As this is positional trade, targets may come in couple of months or more.

Kindly do your analysis before initiating any trades.