52 week highs and all time highs strategy

Time techno cmp 175 has been making a variety of technical patterns without going up meaningfully. :grinning: Keeps giving knowledge on technical analysis without significant returns since past few weeks… :joy: Sometimes it takes a long time for markets to forgive a company with respect to its past sins.

To add to the list of patterns, a flag like pattern is viaible on GMMA ( guppy multiple moving averages) charts. Attached below. Flag extends from 145 to 185, a distance of 40 rs. Breakout point is at 175. There is compression of long term (blue) and short term (red) moving averages. Successful breakout can provide near term target of 215.

disc: invested.

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