Flag

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Related to flagging off: flagging down

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.

flag

See triangle.
References in periodicals archive ?
While flagging off the tankers, Uhuru noted that Kenya made history by becoming one of Africa's resourceful nations.
Flagging off the run, Modi said India would emerge as a super power in the world on the strong pillars of unity, good governance and people's participation.
We are flagging off our governorship campaign soon; he is the incumbent governor.
Taraka Rama Rao, the Municipal Minister of Telangana briefed Governor Narasimhan on the Hyderabad Metro rail project's working through a presentation and thanked the Governor for flagging off the Ameerpet-L.
"This flag-off event and the anticipated implementation of the Early Oil Pilot (EOP) Scheme marks the beginning of a long and fruitful journey," the President said after flagging off the crude oil laden trucks.