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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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Maharashtra Chief Minister Vilasrao Deshmukh, union civil aviation minister Praful Patel and state minister Chhagan Bhujbal flagged off the 'dream run' as part of the Standard Chartered Mumbai Marathon 2006 at Chhatrapati Shivaji Terminus. Using long-term strategies and braving risks, he flagged off a series of makeovers that improved the company's cost structure, margins and competitive position. |
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