Flag pattern breakout and pullback on CUB. Swing trade

7 thg 3, 2021

The stock was consolidating in a flag pattern after a good rally and broke out of its resistance trendline. However, due to broader market sell-off, the stock declined to lower levels and seems to have found support at the 50 DMA levels. The stock can be bought at current levels with an SL below 168.

Always keep a tab on broader market conditions while trading. Do not trade against the market trend.