Sentences with phrase «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
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.
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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:
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:
The one exception was the financial sector, which was showing relative strength and forming a bullish pennant pattern near its highs.
Tags: ascending channel, ascending triangle, bullish pennant, chart patterns, GBP / AUD, technical analysis, USD / CAD, USD / JPY
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That pattern was not a classical instance of a bullish pennant.
Technically, Litecoin on a 4 - hour time chart view, is bouncing within a bullish pennant chart pattern, pending potential breakout to the upside.
Yesterday, the cryptocurrency broke out of the bullish pennant and skyrocketed higher.
Technically, BTC / USD has seen a move out of the bullish pennant pattern, which now paves way for a retest of the $ 9,000 region.
The Bitcoin price has recently jumped by 4 % higher, as BTC / USD breaks out of a bullish pennant pattern seen on the 1 - hour time frame.