Phrases with «bullish pennant»

A bullish pennant is a term used in financial markets when the price of a stock or asset forms a triangular shape with a small line connecting two sides. This pattern suggests that the price may continue to rise after a brief consolidation period. Full definition

bullish (parent phrase)
pennant (parent phrase)

bullish pennant

Sentences with «bullish pennant»

EEV may now provide a buying opportunity if it continues to consolidate near the two - day high and forms a pivot, such as a bullish pennant. (morpheustrading.com)
As shown below, $ XBI has come into support of its 40 - week moving average (similar to 200 - day moving average), while also forming a bullish pennant pattern: (morpheustrading.com)
The bullish pennant formation in iShares Singapore ETF ($ EWS), which we bought in The Wagner Daily on January 30, is still intact and could break out any day now: (morpheustrading.com)
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Phrases with «bullish pennant»

Sentences with «bullish pennant»

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