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Flag |
Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Flag A pattern reflecting price fluctuations within a narrow range, generating a rectangular area on a graph both prior to and after sharp rises or declines.
Flag In technical analysis, a situation on a chart in which a security's price undergoes a steep rise or fall, then trades within a narrow price range. When a steep rise proceeds the narrow trading, it looks somewhat like a flag raised on a pole. Many analysts believe that when a flag occurs, the narrow trading is only temporary and will soon be followed by another steep rise or fall. That is, a rise will follow a rise and a fall will follow a fall. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| He and his teammates relish the opportunity to carry the flag for an entire continent. When I read Robin's article, I noticed that she and I loved the same books, and I want the teachers in my school to read those books to their students--The Year of Miss Agnes and Did You Carry the Flag Today, Charley? For example, Adam Jones notes that between 1602 and 1669, the people of the Fante town of Fetu would carry the flag of their king and overlord to a festival (Jones 1983:168). |
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