Home > Techcomp > Techcomp – flag formation play

Techcomp – flag formation play

Previously in a downtrend till 30 cents and currently is forming possibly a high probability setup called the flag formation.

Stochastic is making a crossover while RSI and MACD is strengthening. ADX+ is going to do a crossover with ADX- soon.

Target price 40.5 cents with minor support at 34.5 cents. 20dma and 100dma and also 20wma might also provide support. The stronger support will be at 30 cents. Overhead resistance at 36.5 cents and 50dma.

Techcomp flag formation setup

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