On March 15, 24, I am looking to trade
ARM
using this symmetrical triangle/bullish pennant pattern.
A move up piercing the upper trendline will present a buy signal, with volume confirmation on break out.
A move up piercing the upper trendline will present a buy signal, with volume confirmation on break out.
Trade closed manually:
The stock indeed moved out of this pattern but failed to move up further. I closed the trade on March 27, 24/