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        Bearish flag

        1. Introduction

        Bearish Flag is a pattern consisting of two highs and two lows, formed by a minor rise after previous falls. The pattern indicates that the price is likely to break through downward and continue falling.

        2. Feature

        2.1 The top is getting higher and the bottom is getting higher and higher. The trend line connecting the two tops forms the resistance line for upward breakthrough, and the two bottoms form the support line;

        2.2 The resistance line and the support line together form a channel, and the price has recently broken through the support line, forming a downward trend.

        3. Example

        03380 has a Bearish Flag Pattern on June 18, 2021.

        This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.