Business, Legal & Accounting Glossary
Pennant is a continuation pattern in technical analysis formed when there is a large movement in a stock, the flagpole, followed by a consolidation period with converging trendlines, the pennant, followed by a breakout movement in the same direction as the initial large movement, the second half of the flagpole.
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This glossary post was last updated: 23rd March, 2020 | 0 Views.