The bullish pennant pattern is a formation that occurs after an uptrend. It is characterized by a pennant (a small symmetrical triangle) that forms as the market consolidates. The breakout from this consolidation typically occurs to the upside, signaling a continuation of the uptrend.
Key Takeaways
- Pennants are continuation patterns where a period of consolidation is followed by a breakout used in technical analysis.
- It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.
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 (20min delay)
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Last
$1.20 |
Change
-0.040(3.23%) |
Mkt cap ! $208.4M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.24 | $1.20 | $103.7K | 85.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12091 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 9720 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| RAC (ASX) Chart |