Flags and Pennants

[Ghetto23]

Looks tastey..

Not so tasty now?

Excuse my newbie-ness here-

When you are looking at making a trade on a pattern like this, do you buy in on the bottom line if possible and wait for the breakout (with a close SL), or set a conditional order to but during the breakout and let it run up?

 

[white_crane]

Not so tasty now?

Excuse my newbie-ness here-

When you are looking at making a trade on a pattern like this, do you buy in on the bottom line if possible and wait for the breakout (with a close SL), or set a conditional order to but during the breakout and let it run up?

It depends.

Check this link for some information on the pennant chart pattern:
http://thepatternsite.com/pennants.html

 

[Ghetto23]

Looking at GXY - it had a pennant, then a flag.

Is this common? Am I being too artistic in my analysis?

 

[Ghetto23]

Hasn't been one for a while - try MEO

 

[Ghetto23]

Another one - GBG

 

[Ghetto23]

Hasn't been one of these posted for a while.

This looks like a GUD one (couldn't resist)

 

[bowman]

A couple from the resource & energy sectors.

 

[bowman]

The ROY pattern might be getting a bit long in the tooth, as indeed might the current rally.

 

[lenny]

Thought i would post a chart i have been watching.

PPX has formed a flag pattern and could be a nice trade if a breakout occurs

Dis:I do not hold ppx

 

[lenny]

Bugger I need a minimun of 5 posts to be able to post a chart

 

[lenny]

Thought i would post a chart i have been watching.

PPX has formed a flag pattern and could be a nice trade if a breakout occurs

Dis:I do not hold ppx

 

[sammy84]

Bugger I need a minimun of 5 posts to be able to post a chart

Good work persevering

 

[skc]

1 pennant and 1 flag

 

[Wysiwyg]

Soz for late pick-up but this is almost textbook.

 

[Wysiwyg]

Soz for late pick-up but this is almost textbook.

 

[Wysiwyg]

With H1N1 resistance recorded on Tamiflu users, this may increase demand for Relenza. Biota has a % of sales in Relenza through Glaxo-Smith Kline.

Regardless of possible greater market share, a pennant is forming although the stock has run pretty hard already. (said that at $1)

 

[Annwn]

LNG - have been following for a while,

Bullish flag has developed after a flagpole of 3 days,
Flag has currently developed over 4 days, and has had a fall of 30 - 50% of flagpole rally.
Has broken previous resistance of .80

Cheers

 

[wbosher]

CCV - Not too sure if this is a pennant or an ascending triangle but here it is anyway.

 

[skc]

GPG... if you like Guinness (Peat). Volume quite think but not exactly complying to text book.

 

[bowman]

The appetite for speccy miners has thrown up a lot of these patterns - here's a bunch or two.