In this weekly chart we can more easily see the rising Head and Shoulders pattern, followed by a long flag pattern lasting over two months. The H&S pattern is confirmed by the volume and with the breakout from the flag today (closing price at $35800 at time of writing, or more than 3% previous close), we next must watch the green dotted line support. If the...
The time has finally come! I have been waiting for a near vertically rally, and likely so have you!
Our patience has been rewarded with a strong breakout! Using the measure rule I give a new PT of $880 USD...
Momentum has been huge, since June it is the third strongest, the second being in August....
Good luck and soon we will be in the four digit range ---...
Classic pennant set up for SYN as it continues to trade within the pennant on decreasing volume.
Taken from www.investopedia.com
Pennants are formed when there is a sharp price movement followed by generally sideways price movement, which is the pennant. The pattern is complete when there is a price breakout in the same direction of the initial sharp price...
