Although this does not quite meet the 90%-rise-in-two-months criteria for the High, Tight Flag, it is close. The flag definitely meet criteria and yesterday shows a breakout. The value of the High, Tight Flag (HTF) is that the stock will rise 69%, achieving that criteria 90% of the time, with a breakeven failure rate of zero! Statistics are unavailable for almost HTFs are unknown, it seems rational to expect good things and well worthy of a ride.
At this point, the risk seems minimal, just below the lower channel line, while the reward is 37 points--so 37:3 or better than 10:1 reward:risk ratio. With 3:1 the minimal advantage sought, 10:1 with a pattern than seldom fails, ...
The market itself is responsible for the delay since it is working its way through an area of resistance. It's P&F target is 1640, agreeing with the TNA target area.
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