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Micro Penny Stocks, Penny Stocks $0.10 & Under
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scll>>>watch for the .1 break
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[QUOTE]Originally posted by rcm62: [QB] I need a TA expert to tell me this is not what is happening. A Pennant (Bearish) follows a steep, or nearly vertical fall in price, and consists of two converging trendlines that form a narrow, tapering flag shape. The Pennant shape generally appears as a horizontal shape, rather than one with a downtrend or uptrend. Apart from its shape, the Pennant is similar in all respects to the Flag. The Pennant is also similar to the Symmetrical Triangle or Wedge continuation patterns however; the Pennant is typically shorter in duration and flies horizontally. http://www.trending123.com/patterns/bearish_pennant.htm [/QB][/QUOTE]
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