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Some US stock Bull Flags.

In my scroll through the charts today I have noticed a number of US stocks setting up in Bull Flag-style consolidation patterns and this post contains screen shots of these stocks.

 

Bull Flags: The Bull Flag chart pattern is a bullish continuation pattern and is described elsewhere on my website, using Netflix as an example, and available through this link.  The theory underpinning the Bull Flag is, essentially, that any bullish breakout may extend as far as the length of the initial Flag pole. As always, there are no guarantees with any technical analysis but it is merely an attempt to determine charting set ups that have better than a coin-toss probability of following through. The information contained in this post is intended to be purely educational and traders should do their own research.

 

CAKE weekly: watch for any momentum-based Flag breakout:

 

CAT weekly: watch for any momentum-based Flag breakout:

 

DIS weekly: this has already broken out to the upside:

 

TSM weekly: watch for any momentum-based Flag breakout:

 

TTWO weekly: watch for any momentum-based Flag breakout:

 

AAPL weekly: watch for any momentum-based Flag breakout:

 

BBY weekly: watch for any momentum-based Flag breakout:

 

MDLZ weekly: this has also already broken out to the upside:

 

SQ weekly: watch for any momentum-based Flag breakout:

 

TREX weekly: watch for any momentum-based Flag breakout: