There will be a variety of consolidation patterns near or above key breakout levels. Regarding which one is better , its anybody’s guess. Each pattern has its own importance. Essentially what each pattern does is provide time for cooling off after a sharp rally and then provide a launch pad for future moves.
Any basic book on technical analysis will provide details about these patterns. But if you are really interested in technicals, it’s better to go ahead and read as many books on technical analysis as possible. The names of these books have been discussed off and on in various posts.
Regarding whether to prefer 52 week high versus all time high, again it depends on company in question. I would take each company seperately to analyse rather than make generalised rules.
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