SNOW here consolidating in a pennant for over a year
Breakout trigger is over 194. Set alert for 194, if we get a couple of closes above that there is a breakout here to 205 then 240.
This works both ways, as technically the trend going into the pennant was a downtrend, so by definition it is technically a bear pennant. However the breakout or breakdown depends on where the exit from the pennant happens, which for upside is 194, for downside is 135. If below 135 there can be a fire down into 100-110 area.
Breakout trigger is over 194. Set alert for 194, if we get a couple of closes above that there is a breakout here to 205 then 240.
This works both ways, as technically the trend going into the pennant was a downtrend, so by definition it is technically a bear pennant. However the breakout or breakdown depends on where the exit from the pennant happens, which for upside is 194, for downside is 135. If below 135 there can be a fire down into 100-110 area.