A bullish flag pattern is a technical analysis chart pattern that is used to predict the continuation of an upward trend in a stock’s price.
The pattern is identified by a flag-like shape that forms on a stock chart after the stock experiences a sharp rise in price.
The flag shape is created by the stock's price consolidating sideways after the initial increase in the price of a security.
See also How To Identify A Bull Flag Pattern?
The pattern is considered bullish because it indicates that the stock's price will continue to rise once the consolidation period is over.
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