All I know about chart pasterns and basic stock ma
Post# of 5789
All I know about chart pasterns and basic stock market "wisdom", is that once you know the rules, they change them. Bull flags used to be defined as a big move up and then a tight sideways or slightly downward movement for a short period of time. But, in 2009 I started seeing a really good pattern for a bull flag was one with a slightly upward bias. WOW, that was the best. Under the older "wisdom" it was best to watch and buy on a breakout of the flag or put in a stop buy. Or take your chances and buy and hope. But with a slightly climbing bull flag, you could buy and get paid while you wait.
So ADY, lol, I like the upward bias the last 3-4 weeks. If it was a form of a triangle, it has broke out? But, I am one who likes volume building up before a big move up. I don't see it here yet. But, now that is changing as well. Since the middle class and up have taken it on the chin the past 5 or so years, volume does not seem as necessary since overall volume is falling overall.
Warning, I am an expert in only one area, and that is MY OPINION, nothing else.