The Stock Pennant Pattern is a popular chart pattern among traders, signaling potential continuation in the direction of the current trend. This pattern forms during periods of consolidation following ...
James Chen, CMT is an expert trader, investment adviser, and global market strategist. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has a demonstrated ...
Shares are forming into what technical traders call a pennant pattern and could see a breakout within the next month or so. The stock is trading above both the 50-day moving average (green) and the ...
Gold triggers a decisive upside breakout of a bull pennant pattern (small symmetrical triangle). Strength was confirmed as gold easily exceeded both 2,003 and 2,010 highs. In addition, an 88.6% ...
Gold traded in a narrow range on Wednesday with a high of 2,335 and a low of 2,324. The high took the price of gold above the top boundary line of a potential bearish pennant pattern (small ...
What is a bullish pennant? A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive ...
Gold begins to advance off the lower border of a bullish consolidation pennant. Following a test of support at the lower border line earlier in the session, gold reversed higher to rise to a four-day ...
The Trade Desk Inc. (NASDAQ:TTD) shares are moving up as retail traders push the stock higher amid strength in advertising technology stocks after Google announced it's delaying the phase-out of third ...
Pennants are short-term continuation patterns that mark a small consolidation before resuming the previous move in the same direction. This pattern is formed when there is a large movement in a ...