The Rare But Profitable High Tight Flag Pattern
According to Investors Business Daily, the high tight flag pattern is a very rare pattern that can be very profitable. Here is there definition; High, tight flag bases clearly make this statement: “We’re up-and-coming.” This vertical-looking pattern forms as a stock surges 100% to 120% in four to eight weeks. The stock then corrects just 10% to 25% in price for only three to five weeks. The ideal buy point is the high of the flag plus 10 cents.
Here the link to the full article.
Sientra Inc $SIEN fits the description to the t. Is $SIEN up 100% to 120% in four to eight weeks–yes. Has the stock corrected less than 25%-yes. Did the stock pass the ideal buy point-yes. #IBDPartner
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at email@example.com or 646-480-7463.
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This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.
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