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17.5¢ leigh creek energy limited

When the announcement will drop?, page-32

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isheep_bahbah

418 Posts.

19

14/03/19

21:45

Post #: 37767549
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Originally posted by donteatme ↑

What is a Pennant?
A pennant is a continuation pattern in technical analysis formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.

Key Takeaways
- Pennants are continuation patterns where a period of consolidation is followed by a breakout.
- It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume.
- Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation.

https://www.investopedia.com/terms/p/pennant.asp

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Great post mate, pennants are always a key indicator for most technical analysis pros out threre.
LCK has both FA and TA at play here.. stars are align..

LCK Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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