10/29/2022
William O’Neill’s book, How to Make Money in Stocks is an invaluable tool for any investor. The seminal book, which is based on a major study of some of the greatest stock market winners over more than a century has sold more than two million copies.
One of the critical chart formations that he discusses in the book is the “high tight flag”. In the rare bullish pattern, a stock that is generally benefiting from excellent fundamentals surges by double in as little as four to eight weeks. The stock will then consolidate with a minimal correction or trading range before extending its run explosively higher again.
Read the complete article here: https://www.carusoinsights.com/learn/why-failed-breakouts-are-so-powerful-october-29-2022/