Is there a stock screener where I can find bull flag patterns?
Bull flag pattern
- Thread starter Lord Darkseid
- Start date
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MOST any would have uptrend or rally screens, % gainers[includes flags];
a simple way to do that is dont worry about the flagpole, since the pole is much /much smaller time than the waving flag part .
A flag part of the pole can easy be an ice pick you - ice pick stick you or me
Just don't get to excited about a penny stock that goes up 57 % in one day\ it could just as easy do down 57 % in one day. WSJ article yesterday.
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Good ;
+ the ma section doesnt mention slope, even though slope may, or may not give good subjective hints.
You'll probably have to find them on your own. The way I've always looked at it is you cant have a flag without a flagpole right? So find a stock/company that recently had some great news about it and caused the price to spike way up in a day or two. Then keep it on your watchlist for the next 2 or 3 weeks and see if it "flags out". Be ready if it looks like its about to break out again. PRTA was a good recent example.
That marketinout is a good example of how tough it is.
A bull flag is ultimately not that precisely defined. Stock goes up then pulls back. Does 2 days of pull back count? 3, 4, 5? If you get 5 days of pull back, then a big bar up and then next day a big bar down are things broken now?
NVDA comes to mind right now. How would you precisely define that NVDA is not a bull flag on a 3 year daily chart? We tend to be very loose with what is and what is not a bull flag when it comes to our eyes but to really screen you need to define exactly what you are looking for.
A bull flag is ultimately not that precisely defined. Stock goes up then pulls back. Does 2 days of pull back count? 3, 4, 5? If you get 5 days of pull back, then a big bar up and then next day a big bar down are things broken now?
NVDA comes to mind right now. How would you precisely define that NVDA is not a bull flag on a 3 year daily chart? We tend to be very loose with what is and what is not a bull flag when it comes to our eyes but to really screen you need to define exactly what you are looking for.
Most bull flag set-ups dont seem pan out too well in this current market. There just doesn't seem to be much follow through. In lieu of the bull flag pattern I'm seeing another set up here lately and I dont even know if it has a name. Stocks I call "pesky",they refuse to go away and just keep hanging around. FNGR and PEGY are a couple of examples,maybe even HKD. I'm keeping an eye on them.
Patterns are pretty discretionary (not precise) so everyone has their own view (none of which is wrong) but I wouldn't consider NVDA to be a bull flag pattern.
The down move was nearly as vertical as the up move. A smaller flag in the larger pattern began at the strong vertical move but that failed when the bottom fell out of the flag and dropped to the base. (late 2021 ... early 2022)
I consider a bull flag to have a strong move up followed by a slow grind lower towards the base of the pole but usually not a full retracement to the base.
FPI had a decent bull flag on the weekly a while ago. (link below) Didn't produce a lot in this market.
https://www.elitetrader.com/et/threads/fpi.365512/
For example Avis Budget Group today went up $24.67 and is still going as a write this. If any of you trade with Avis how do I spot the pattern that goes up like the way Avis is doing today in the premarket to have consistent gains throughout a trading day?