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Regional banks rebounded sharply after getting slammed (along with other financials) following the “Brexit” vote, and they’ve continued to do well as the summer wears on. Now the Profit Scanner powered by Recognia has spotted a bullish opportunity for one of their cohort, Hanmi Financial Corp (NASDAQ:HAFC).

HAFC, which is based in Los Angeles and primarily focused on the Korean-American community, completed a Bull Flag on Aug. 5. Based on that signal, Profit Scanner is looking for 10%–12% further upside in the short term.

In the chart below, you can see the two parallel trendlines that typify the Bull Flag. The stock essentially takes a breather after a torrid rally, and during the consolidation you’ll see a noticeable decrease in volume. On the final price drop, the stock attracts fresh interest, and volume spikes as buyers rush in. The Bull Flag is confirmed when shares break above the upper trendline, resuming their prior uptrend.

From here, Profit Scanner expects Hanmi Financial to reach $27.80–$28.30 in the next couple of weeks.

Profit Scanner powered by Recognia can help traders of all levels uncover these signals to determine the best timing to buy. Or use Profit Scanner’s technical insight to validate your own trading ideas. See how easy this powerful tool is to help you uncover hidden opportunities in the market.