On a daily time frame, AberforthSmaller had formed a Flag and pole pattern. Usually, the flag and pole are a continuous pattern. In the current formation, the security has formed a bullish price action indicating buyers have been keen to buy the securities and are expecting the stock to move higher. On the EMA front, the prices are trading above major EMA’s, indicating a positive trend. The Slow EMA (18) is following the trend and trending upward which indicates a positive trend.  On the momentum front, the MACD is indicating a positive trend.

Flag ANd Pole

Dec 18 2023