Friday, December 9, 2016
Joined Nov 11, 2007
1,458 Blog Posts

Solar Stocks Making High Tight Flags

And some other non-solar High Tight Flags are below…

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  1. zstock (@zstock)

    solar sucks! i missed the multi month ramp, 🙂

  2. mao_junior

    Woodshedder, once ur screen has narrowed down a series of flags like this..what qualifies them further for you to initiate trades?


    • Woodshedder

      Bulkowski waits for a breakout 1 penny above the highest high of the flag pole. As best as I can tell, this is the highest intraday high, and not the closing high.

      However, what I really like is waiting for a flag low to be established. Once that low is not broken for 3 days, a trade is established, with a stop just beneath the flag low. At that point you are in the trade and waiting for it to breakout.

      Because I am more comfortable trading mean reversion, I like the second method better, but because I have not been able to backtest the first method, I cannot say for sure which one is better. Bulkowski swears by the first method.