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What is a bull flag chart pattern?

Bull Flag Chart Pattern & Trading Strategies - Warrior Trading A Bull Flag chart pattern happens when a stock is in a strong uptrend but then has a slight consolidation period before continuing its trend up.

Is a mini bull flag bullish?

If you look at our example more closely, you can even spot a mini bull flag, where the breakout of our flag is actually a flagpole in the mini pattern, while the correction above the upper trend line resembles a flag (see chart below). Overall, both are bullish patterns that facilitate an extension of the uptrend.

How do I find Bull flags in stocks?

You can use a stock screener, such as Finviz to help you find bull flags occurring in stocks. Trading volume is an additional key element in identifying a bull flag pattern. The bull flag is interpreted as a stronger trend continuation signal when its formation includes three specific points of high volume.

What is the target price for a bull flag?

The target for a bull flag is derived by measuring the length of the flag pole and projecting it from the breakout point. This would yield a target price in ANSW of around $9.50. The price chart below for America Service Group Inc. is an example of a rectangular bull flag.

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