Bullish Flag Formation Signaling A Move Higher
"A common characteristic for bull flags is the typical volume pattern. Usually, there is a surge in volume as the stock builds the flag pole. Volume then drops off precipitously as the stock consolidates. The breakout from the bull flag often sees another increase in volume, although volume may not increase dramatically."
Could be that the SPT - Appendix 4C and Quarterly Update at the end of July maybe the catalyst for the next move up IMO.
Consolidation + trading window narrowing still playing out and hovering around the $1.50, big thing is declining volume this month of July. Feeling the squeeze soon before volume kicks back in to move the SP to ATH.
https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx#:~:text=A%20common%20characteristic%20for%20bull,precipitously%20as%20the%20stock%20consolidates.
- Forums
- ASX - By Stock
- SPT
- SPT - Technical Analysis
SPT - Technical Analysis, page-117
-
- There are more pages in this discussion • 419 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)