Pennant

Pennant is a technical analysis continuation pattern that has the appearance of a pennant.

Pennant

Pennant is a technical analysis continuation pattern that has the appearance of a pennant.

 


Interpretation of Pennant

A pennant is formed when there is a large movement in stock price (the flagpole), followed by a consolidation period with converging trend lines (the pennant), followed by a breakout movement in the same direction as the initial large movement, the second half of the flagpole.


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