Emerging pattern

Aug 22, 2018

This stock had been consolidating after a drop during earning releases but their consensus is still over 360-380 swedish crowns. It's looking like now it has formed a bull flag and should soon trade over 340 if the pattern completes.

Aug 27, 2018

Note

I was expecting it to go sideways for a few more days but right the next day after posting this idea it gapped up.

This is not over though, it's currently forming a pennant so I expect it to gap up again this week.