http://www.youtube.com/watch?v=UAF7Mk4PXj0
On the chart below, we can see a textbook high and tight bull flag on the daily timeframe of TA, TravelCenters of America, which operates and franchises travel centers primarily along the United States interstate highway system. High and tight bull flags, with a surge in buy volume during the initial advance which tapers off during the flag, are consider high probability continuation patterns to push higher yet. Of course, nothing is guaranteed.
But this is a textbook one in the middle of God’s country, out on the open road.
I am looking for an upside trigger with a move through $7.80. And I am looking for $7.20 to hold on the downside for the bull thesis to have a chance.
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