flatBase
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A "Flat Base" pattern happens when a stock that has been going up takes a breather. 😴 After a strong uptrend 📈, the price will trade sideways in a very tight, flat range for at least 5 weeks. Think of it like the stock is moving quietly from left to right with very small ups and downs ↔️.
The pattern signals a potential "buy" when the stock breaks out and moves above the top of this flat range. 🚀 This breakout is an even stronger signal if it happens with a big increase in trading volume 🔊, showing that a lot of traders are suddenly interested in buying it.#flatBase #howto
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The pattern signals a potential "buy" when the stock breaks out and moves above the top of this flat range. 🚀 This breakout is an even stronger signal if it happens with a big increase in trading volume 🔊, showing that a lot of traders are suddenly interested in buying it.#flatBase #howto
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