Hi Everyone,
A bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag. Every dip has been bought and looks like we are finally coming out of the POC ( point of control zone) I am expecting to break out of the $45 and possibly reach $48- $49 ( it could go higher or lower )
Whats your price prediction on UMA?
Thank you
Burak
A bull flag pattern is a chart pattern that occurs when a stock is in a strong uptrend. It is called a flag pattern because when you see it on a chart it looks like a flag on a pole and since we are in an uptrend it is considered a bullish flag. Every dip has been bought and looks like we are finally coming out of the POC ( point of control zone) I am expecting to break out of the $45 and possibly reach $48- $49 ( it could go higher or lower )
Whats your price prediction on UMA?
Thank you
Burak