There is a decent Bull Flag setting up on A2M, an ASX stock.
Any bullish trend line breakout would support a thesis for continuation.
Technical theory suggest that the extent of any bullish breakout move might approximate the previous bullish push higher, that is, what they refer to as 'The Flagpole'.
The 'Flagpole' in this instance is worth about $10. Thus any bullish breakout would trigger near the $10 mark making the target for any bullish breakout move as $20.
I will be watching for any weekly close outside of the trend lines.
Any bullish trend line breakout would support a thesis for continuation.
Technical theory suggest that the extent of any bullish breakout move might approximate the previous bullish push higher, that is, what they refer to as 'The Flagpole'.
The 'Flagpole' in this instance is worth about $10. Thus any bullish breakout would trigger near the $10 mark making the target for any bullish breakout move as $20.
I will be watching for any weekly close outside of the trend lines.