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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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| Although the battle at Fort Wagner in 1863 ends in Union retreat, Carney braces his troops, including young Ned, by bravely carrying the flag through battle despite being wounded. But flying past the Statue of Liberty and ground zero next Sunday, carrying the flag of California to the people of New York, well, you'd have to have a heart of stone not to take a big gulp on that one. The profit that comes out of this is the tremendous satisfaction of carrying the flag for a victim. |
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