chart, page-3

  1. 394 Posts.
    arthur I'd agree with ur finding.....looks like a classic pennant formation......

    1. preceeded by an almost straight line move (flagpole) on heavy volume
    2. prices then pause for about one to three weeks on very light volume.
    3. the trend should then resume on a burst of trading activity
    (John J Murphy, (1999, Technical Analysis of the financial markets)

    with a bit of luck the flag is currently flying at half mast
 
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