Flag pattern

Search documents
X @Kraken
Kraken· 2025-08-17 11:58
Technical Analysis - Flag and pennant patterns signal brief consolidation within an ongoing trend [1] - These patterns often precede a continuation in the same direction as the existing trend [1] - In a downtrend, these patterns suggest a pause before the next downward movement [1] - In an uptrend, these patterns indicate a breather before the next breakout [1]
Stock Of The Day: Does This Classic Pattern Suggest A Move Higher In Tesla?
Benzinga· 2025-05-05 17:39
Group 1 - Tesla shares are currently trading lower but are in a sideways trend, with a potential 'Flag' pattern forming on the chart, which could indicate a bullish outlook for the stock [1] - The recent rally in Tesla's stock price occurred despite disappointing earnings, attributed to supply and demand dynamics where sellers had already exited the market prior to the earnings release [2][3] - The upward movement in Tesla's stock was supported by a significant volume of trades, indicating strong buying interest [4] Group 2 - Some investors who contributed to the price increase may have decided to step back from the market, anticipating a price decline, which led to a decrease in trading volume [6] - The flag pattern is identified as a 'continuation' pattern, suggesting that if buyers return to the market without a price drop, it could lead to a renewed uptrend for Tesla [7]