Bullish Flag Pattern | ORIENTAL HOTELS

ORIENTHOT Daily: Watch for breakout above 39.5 for more upside

1) Bullish Flag & Pole Pattern

2) Bounced back from important 61% Fibonacci level

The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern.