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MODERN TIMES GROUP MTG AB SER. BDiupdate

Emerging pattern

This stock had been consolidating after a drop during earning releases but their consensus is still over 360-380 swedish crowns. It's looking like now it has formed a bull flag and should soon trade over 340 if the pattern completes.
Catatan
I was expecting it to go sideways for a few more days but right the next day after posting this idea it gapped up.

This is not over though, it's currently forming a pennant cuplikan so I expect it to gap up again this week.
cgeorges
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Chart PatternsTrend Analysis
cgeorges
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