Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal or rectangle, but is also often angled down away from the prevailing trend.
Bullish Flag
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Stock Analysis
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Bullish View
Bearish View
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