LTR 8.45% 65.0¢ liontown resources limited

Wow, seeing that our new charting friend doesn’t like to answer...

  1. 6,271 Posts.
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    Wow, seeing that our new charting friend doesn’t like to answer questions, especially stupid ones, I guess we might as well take his advice with a pinch of salt and answer our own questions, because they might not be that stupid after all.
    So what is the all important “key“ to a Bullish Flag? The following might just be the key:
    A common characteristic of bull flags is the typical volume pattern. Usually, there is a surge in volume as the stock builds the flag pole (Tick). Volume then tapers off precipitously as the stock price consolidates (Tick) The breakout from the bull flag often sees another increase in volume, although volume may not increase dramatically and a backtest of the breakout line may occur again at reduced volume (not quite a tick, but the bots are working on it).
    Last edited by FlashPoint: 27/09/21
 
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Last trade - 16.10pm 03/09/2024 (20 minute delay) ?
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