Each week at ChartSmarter we like to bring to a little insight into what we do on a daily basis. We have been at it for more than 4 years and we love doing it. Each night we detail 8 to 10 of our favorite ideas, both long and short, for the next days session. We do NOT have a chat room, nor are we active “tweeters”. We like our business growing by word of mouth. Here are a few examples of ideas we recently examined in our Daily Game Plans, exactly how they were written. For those who would like to see a full copy of our Friday Game Plan, email me at chartsmarterblog@gmail.com.
Flags patterns are one of the more bullish patterns that exist and form after decent price jumps. Which are normally gaps associated with an earnings beat, positive drug data, etc. The formation itself occurs after a week or two of very tight trading following the move suggesting sellers are reluctant to part ways with their position. If the pattern occurs near all time highs its significance takes even more meaning. Lets look at a few recent examples.