Flags and Pennants

Ghetto23 · 20 July 2009

kennas said:
Looks tastey..

Not so tasty now?

Excuse my newbie-ness here-

When you are looking at making a trade on a pattern like this, do you buy in on the bottom line if possible and wait for the breakout (with a close SL), or set a conditional order to but during the breakout and let it run up?

white_crane · 20 July 2009

Ghetto23 said:
Not so tasty now?

Excuse my newbie-ness here-

When you are looking at making a trade on a pattern like this, do you buy in on the bottom line if possible and wait for the breakout (with a close SL), or set a conditional order to but during the breakout and let it run up?

It depends.

Check this link for some information on the pennant chart pattern:
http://thepatternsite.com/pennants.html

Ghetto23 · 21 July 2009

Looking at GXY - it had a pennant, then a flag.

Is this common? Am I being too artistic in my analysis?

Ghetto23 · 30 July 2009

Hasn't been one for a while - try MEO

Ghetto23 · 31 July 2009

Another one - GBG

Ghetto23 · 19 August 2009

Hasn't been one of these posted for a while.

This looks like a GUD one (couldn't resist)

bowman · 25 August 2009

A couple from the resource & energy sectors.

bowman · 4 September 2009

The ROY pattern might be getting a bit long in the tooth, as indeed might the current rally.

lenny · 9 September 2009

Thought i would post a chart i have been watching.

PPX has formed a flag pattern and could be a nice trade if a breakout occurs

Dis:I do not hold ppx

lenny · 9 September 2009

Bugger I need a minimun of 5 posts to be able to post a chart

lenny · 9 September 2009

Thought i would post a chart i have been watching.

PPX has formed a flag pattern and could be a nice trade if a breakout occurs

Dis:I do not hold ppx

sammy84 · 9 September 2009

lenny said:
Bugger I need a minimun of 5 posts to be able to post a chart

Good work persevering

skc · 10 September 2009

1 pennant and 1 flag

Wysiwyg · 10 September 2009

Soz for late pick-up but this is almost textbook.

Wysiwyg · 10 September 2009

Soz for late pick-up but this is almost textbook.

Wysiwyg · 12 September 2009

With H1N1 resistance recorded on Tamiflu users, this may increase demand for Relenza. Biota has a % of sales in Relenza through Glaxo-Smith Kline.

Regardless of possible greater market share, a pennant is forming although the stock has run pretty hard already. (said that at $1)

Annwn · 13 September 2009

LNG - have been following for a while,

Bullish flag has developed after a flagpole of 3 days,
Flag has currently developed over 4 days, and has had a fall of 30 - 50% of flagpole rally.
Has broken previous resistance of .80

Cheers

wbosher · 15 September 2009

CCV - Not too sure if this is a pennant or an ascending triangle but here it is anyway.

skc · 16 September 2009

GPG... if you like Guinness (Peat). Volume quite think but not exactly complying to text book.

bowman · 18 September 2009

The appetite for speccy miners has thrown up a lot of these patterns - here's a bunch or two.

Flags and Pennants

Jedi Master

Attachments

Attachments

Attachments

Attachments

Attachments

Attachments

Goldmember

Attachments

Everyone wants money

Everyone wants money

Attachments

Everyone wants money

Attachments

Attachments

Attachments

Goldmember

Attachments

Attachments

Similar threads

Privacy & Transparency

Privacy & Transparency