Reply To: Flags and Pennants

Optuma Forums Optuma General Discussion Flags and Pennants Reply To: Flags and Pennants

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Not really important to ‘lead’ with a gap. It may however exit with a gap if the price break is strong.
You will however not really be able to trade the stock (or profit potential has decreased), if the stock gaps to much.

Your profit target when it generally breaks out of a tight range or pattern can be roughly 100% of the previous range. I have shown a brief example on CSL…

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