- The stock is forming a prospective flag and pole pattern, and any breakout with sustained above-average volume will complete the FLAG&POLE pattern.
- The stock has crossed the EMA30, but on the momentum indicator, i.e., RSI, the stock is nearer to 70, indicating an overbought zone, and thus, it can retrace the breakout zone in the following sessions.
- Any entry should be after the stock retraces its breakout zone with a stop loss on the lower parallel line or EMA30.
P.S: This is for educational purposes. Please consult your financial advisor before investing.
