Flags and Pennants

• 5 June 2009

• #201

bowman

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You can check the time frames on this site legs.

http://thepatternsite.com/

As I understand it pennants are usually of a short duration, and anything over a certain time frame (3 weeks??) is typically reclassified as a symmetrical triangle.

 

• 5 June 2009

• #202

S

saiter

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Is it just me or are most of the formations breaking out and double topping? (See PLA, PNA, IRN, JPR..) I'm guessing this is either because the XAO is having trouble breaking through 4000 or these stocks are heading down because the XAO won't be breaking 4000...hmmmmmm

 

• 11 June 2009

• #203

skc

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TAP

 

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• 11 June 2009

• #204

skc

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TWR. Two little pennants / flags in a row

 

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• 11 June 2009

• #205

skc

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UXC - a little flag after retracement tagged 50%. If I speak EW I would say it's wave 3-ii developing.

 

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• 11 June 2009

• #206

N

nomore4s

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NHC forming a nice triangle - on the verge of breaking up today but volume was low. Need to see some follow through with some decent volume now.

I hold.

 

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• 11 June 2009

• #207

N

nomore4s

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BMN - I actually really like the look of this one.

Forming a triangle above latest breakout area with good volume attributes.

White line is old support/resistance.

 

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• 12 June 2009

• #208

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db96

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GXY

 

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• 12 June 2009

• #209

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nomore4s said:

BMN - I actually really like the look of this one.

Forming a triangle above latest breakout area with good volume attributes.

White line is old support/resistance.

Click to expand...

BMN recently did an equity raising at an issue price of $1 per share. Raising 30Mil from institutions and 7.5 Mil from Retail. These new shares are expected to trade on the 30/06/09. This may cause a breakout below???

 

• 12 June 2009

• #210

skc

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db96 said:

BMN recently did an equity raising at an issue price of $1 per share. Raising 30Mil from institutions and 7.5 Mil from Retail. These new shares are expected to trade on the 30/06/09. This may cause a breakout below???

Click to expand...

I have always wondered if this effect is real or not. If someone just bought some new equity, they can lock in profit straight away by shorting it now, rather than wait for 30 Jun to compete with other holders for the sell. But I guess some funds may not be able to short sell due to their mandate.

Can anybody give some recent examples of share price movement on the day of new shares being traded?

Purely on the chart however, it look a good legit pennant.

 

• 13 June 2009

• #211

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db96

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skc said:

I have always wondered if this effect is real or not. If someone just bought some new equity, they can lock in profit straight away by shorting it now, rather than wait for 30 Jun to compete with other holders for the sell. But I guess some funds may not be able to short sell due to their mandate.

Can anybody give some recent examples of share price movement on the day of new shares being traded?

Purely on the chart however, it look a good legit pennant.

Click to expand...

BSL is one where the stock price is down on the day where the new issued shares are allowed to trade.

 

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• 15 June 2009

• #212

skc

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db96 said:

BSL is one where the stock price is down on the day where the new issued shares are allowed to trade.

Click to expand...

Well spotted db96.

I suspect the instos were shorting the share before they are allowed to trade hence the strong down swing 2 weeks prior to that.

 

• 17 June 2009

• #213

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db96

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GDN

 

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• 17 June 2009

• #214

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nunthewiser said:

on a weekly chart i,d be more inclined to view AOE more to the short bias ....


could be wrong but on watchy now thanks

Click to expand...

nunthewiser said:

THINKS .maybe one last puff from it perhaps creating a false break? and then a decent shortable opportunity ...like i said could be wrong 50% chance of being so but nuntheless an intresting chart nomore4,s . will be watching closely

cheers

Click to expand...

i am a living legend

that,ll be $99.95 thanks

sunshine and lollipops

pity i didnt trade it

 

• 22 June 2009

• #215

bowman

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Two more from the resource sector.

 

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• 23 June 2009

• #216

bowman

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AON held up relatively well today. If she breaks down or up I'll add to my position either way.

 

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• 26 June 2009

• #217

Sean K

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Looks tastey..

 

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• 2 July 2009

• #218

bowman

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Hehehe...just found FRS today

 

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• 16 July 2009

• #219

Kryzz

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SRL flag

 

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• 17 July 2009

• #220

skc

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SMX. Nice flag. Good fundamentals as well. DYOR.

 

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