AP Power Discount, page-15

Starting to see a bull flag.. google it

Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another variant is called a bullish pennant, in which the consolidation takes the form of asymmetrical triangle. The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole.

Read more: Bullish Flag Formation Signaling A Move Higher | Investopedia http://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx#ixzz4Mlxy7pqN
Follow us: Investopedia on Facebook