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| HIBISCS - Streak of perfect Flag Patterns (April 19, 2012) |
Just picked this chart to show case the power of candlestick breakout patterns.
Taking a closer look at HIBISCS will see that the share price run-up from Oct'11 until the recent high of 2.19 (April 13) has been in a streak of flag breakouts!! And the best part of it will be that we are looking into another flag in formation right there after the recent price spike to a peak of 2.19. Based on the historical data, the flag formation can take 1-2weeks, latest within 3weeks, to form. We shall wait there & take the advantage of the 1-day breakout spike to profit handsomely.
This is like the perfect material to appreciate the flag breakout pattern theory. More candlestick patterns can be found at: Candlestick Analysis - ChartSchool
Enjoy!! Happy Hunting!!
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