Broker-Dealer iShares Forms Classic Continuation Pattern

The Broker-Dealer iShares (IAI) surged to the September high and then stalled with a three week consolidation. With a downward slope, this consolidation looks like a falling flag, which is a bullish continuation pattern. A breakout at 41 would signal a continuation higher and project a move to new highs. Chartists can also watch StochRSI for a pop above .80 to trigger an upside thrust in momentum.


Click this image for a live chart.

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