The Traderszone Network

Published in TZ Latest News 12 August, 2014 by The TZ Newswire Staff

Flat Base Can Offer Earlier Alternative Buy Points

Investors looking to get a jump-start on a stock ahead of a flat-base breakout just might be in luck. But first, let’s review the basic traits of a flat base. These shallow patterns often start forming as a stock takes a breather after an earlier advance. So they’re more likely to occur as a second-stage or later base — following a breakout from a cup with handle, saucer with handle or double bottom — during a stock’s major uptrend.

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