tradingzebras

Pennant

tradingzebras Updated   
TSXV:ALEF   None
After this most recent run, it looks like it might be forming another HS pattern ( bearish reversal) in the RSI like it did during its last run up. The pennant is a continuation pattern so the most likely breakout direction would be up, however it will depend a lot on the rest of the stock market.

My idea: short term bearish, medium to longer term possibly bullish
Comment:
Good thing I don't short weed stocks! HS pattern is probably void, but pennant is still in play.
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