MICS looking strongLooks like MICS had a big insitutional buyer recently, showing a huge amount of volume come in that drove the price up after a 30/1 stock split. Price has held since then with an U/D ratio of over 2 - a strong indication that this is being bought by institutions. This could almost pass for a high tight flag too. There looks to be supply at $9.31, but a long trade with a stop at the 78.6 fib targeting $9.31 has a good R/R and potential 20% profit
Hightightflag
$WEAT demonstrating strength with a DTL break and higher low $WEAT is looking really good here, showing classic VCP characteristics with volume dry up prior to a move up. Whilst not a true high tight flag (77% increase in 20d rather than 100%) the correction from the high point of the flag pole (25%) does fit this particular trade set up. Price and volume have been tightening nicely in the flag, with increased volume and price drift since mid-May. In spite of an extremely red day for the wider market, $WEAT managed to make a higher low, resulting in a downward trendline break
The wider macroeconomic environment could help this trade immensely; the main wheat producers globally are China, Russia, the Ukraine, the US and the EU and each is likely to produce and/or export less for various reasons:
Russia/Ukraine: Account for 30% of global wheat production, the current war is likely to dampen production and exports
The EU is experiencing poor growing conditions with droughts and higher than average temperatures
There's also the issue of fertilisers, which require natural gas to produce (Russia is also the world's largest producer of fertiliser) and harvesting the crop, which requires oil - both are at all time high prices with no signs of coming down soon
LNTH Power Play gets tight and offers entryLNTH Power Play(High tight Flag) gets tight and offers entry. It has a nice shakeout that helps the pattern because it was wedging. This is a very competitive industry with low margins but the price action is very powerful so giving the benefit of the doubt.
CENX Hight-Tight-Flag/Power-Play1. Over 100% move on volume from a big base(48weeks).
2. 5'th Week tightening consolidation on decreasing volume.
3. 8&21EMA caught up the price and holds it while the market(QQQ &SPY) is pulling back.
LITE breaking out of a tight range with higher than average volu* Excellent earnings
* Strong up trend in the long term
* High 3-month relative strength of 2.61 in the Tech sector
* High 50 day U/D ratio of 2.11
* Breaking out of a 3.31% range
* During the consolidation the volume did dry up and as it started breaking out the volume picked up.
Trade Idea:
* You can enter now as the price is just breaking out of the tight range
* If you're looking for a better entry you may wait for an entry opportunity near the $105.61 area
US Stock In Play: $FANG (Diamondback Energy Inc)classic bullish flag undergoing a pennant pattern consolidation setting up for rally.
DXCM High Tight Flag BreakoutDexcom makes glucose monitoring systems for patients with diabetes. I don't see Americans getting healthier any time soon, so demand for the company's products should remain high for the foreseeable future.
The stock is just breaking out of a high tight flag pattern. Technically, a high tight flag requires a move up of 100% or more, so DXCM comes up a little short on the initial surge. But the pullback inside the flag was very shallow - well below the 25% allowed in this setup. So for me, it balances out.
On the fundamental side, sales growth is accelerating. +23%, +25%, and +32% for the last three quarters. Earnings are also expected to jump by 40% in 2022.
The stop loss on this trade would be the just beneath the low of the flag at $487.00.
Crocs High Tight Flag$CROX is showing a high tight flag after an earnings gap up on high volume. The huge volume spikes imply institutional accumulation. Looking to take some off the table around 3R.
$NTP Potential Power Play after advancing more than 100% $NTP correcting less than 25% from recent high and forming potential Hight Tight Flag Pattern.
XRPUSD, daily tf, high tight flag patternHello my friends,
This is my first post regarding crypto.
I just can't ignore the fact that this pattern will come in play and this is such a profitable pattern.
Too good to be missed.
As you can see a high tight flag pattern formed after price surge almost 100% in just 2 daily candle. Price then consolidate for 3 days and break above it this Saturday.
I've bought XRP since Friday from 1.0000 and keep accumulating it on every dip.
I hope you are all in buy positions as well.
Right now it is up 15% and there is still 35% to complete this pattern measured objective.
Bullish top down analysis aud sessional tendency show the uptrend till march. so in daily price break the previous high and show bullishness in price action waiting for retest..
High tight flag playNYSE:PLTR High tight flag play. 205% move in 4 weeks while staying within 30% of the high. Volume is well below the 50 day average and volatility is calming down with a tight trading range. Looking for a buy through Dec 17th high against a possible stop or lod stop.
High Tight Flag on a power play opportunityNASDAQ:EDIT Big time power play on the high tight flag. Volume is coming right down as the trading range is getting really tight. I will be looking for a buy through Dec 17th high to break
the descending resistance with a tight stop on the hourly intra day or lod.
