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.
However, local commuters missed the opportunity of boarding the train as there was lack of information on the flagging off ceremony at Jiribam, 220 km west of here.
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.