How to profit from High tight flag pattern

29 de dez. de 2021

• The high tight flag chart pattern is an extremely bullish formation.
  
• It is formed once a stock rises sharply by 50-100% within a few weeks or 1-3 months.
  
• After that stock pullback is small i.e. 25-30%
  
• In the next step the price tightens up i.e. small candles or less volatility in the price
  
• Finally, the stock breaks out with heavy volume
  
• The stop can be low on that day. Once the stock breaks out trail your stop loss to 10-20 SMA.
  
• This setup can be highly profitable for the traders.
  
  I found this setup for TCI and it worked as expected.
  Hope you like it.