PTLO - High Tight Flag - 2025-01-24
PTLO Trade Summary
Performance metrics and trade details for PTLO breakout.
- Stage
- Catalyst
- Risk
- None%
- Gain %
- None%
- Trade Duration
- 0 days
- Market Condition
- Market Cap
- $NoneB
- Shares Float
- NoneM
- Entry
- Stop
- Exit
- About
Portillo's stock bottomed around the end of 2024 and began moving into Stage 1 in January 2025.
It surged 45% from the bottom, then consolidated into a 7-day flag pattern. There were two potential entry points:
- Breakout of the flag on the daily chart.
- After the breakout, it formed another intraday 5-minute flag and broke out with high volume. This second intraday flag followed the "flag inside a flag" concept, as described by Mark Boucher in The Hedge Fund Edge, Appendix A: Strategies for Short-Term Traders.
If we trail the entry and exit after the first close below the 10-day EMA, the trade results in a 20% gain.
Before Breakout Daily
Intraday Entry
After Breakout
