The high tight flag chart pattern is an extremely rare, bullish formation. Stocks that have amazing fundamentals generally form these. Despite the already big move before the base emerges, the breakouts from this pattern are explosive.
This pattern forms after a stock makes a gain of 100% or more in only 4 to 8 weeks and consolidates while pulling back less than 25% over the course of 3 to 5 weeks.
This pattern forms after a stock makes a gain of 100% or more in only 4 to 8 weeks and consolidates while pulling back less than 25% over the course of 3 to 5 weeks.