What is a Pennant?
A pennant is a continuation pattern in technical analysis formed when there is a large movement in a security, known as 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, which represents the second half of the flagpole.
Key Takeaways
- Pennants are continuation patterns where a period of consolidation is followed by a breakout.
- 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.
- Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation.
https://www.investopedia.com/terms/p/pennant.asp
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Mkt cap ! $6.543M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $906 | 257.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 36553921 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 42030498 | 16 |
View Market Depth
No. | Vol. | Price($) |
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3 | 1199999 | 0.004 |
27 | 36328921 | 0.003 |
54 | 86969103 | 0.002 |
19 | 84305000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 1200000 | 2 |
0.004 | 41363831 | 15 |
0.005 | 5417854 | 17 |
0.006 | 4569335 | 7 |
0.007 | 641000 | 1 |
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