Flags and Pennants

Optuma Forums Optuma General Discussion Flags and Pennants

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  • #29843
    AvatarMara
    • Topics: 7
    • Replies: 6
    • Posts: 13

    Do all flags and pennants have to lead with a gap? Or is it just a steep price trend?

    #29855
    AvatarJonathan
    • Topics: 36
    • Replies: 55
    • Posts: 91

    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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    #30067
    AvatarAnkit
    • Topics: 1
    • Replies: 1
    • Posts: 2

    Hi
    I have a question with regards to the Ebook I have , it is the older version of 2015
    And the syllabus has changed a bit than .
    Do I need to purchase a fresh copy of the same or is there any other alternative
    Please do guide me for the same
    Regards
    Ankit Mehta

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