Earnings miss, not by much but it is what it is.
The pole is Down. This can break up or down and is neutral until broken.
A flag is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines. This would be a Bear Pennant as the pole is Down, but until the support line is broken it is neutral.
The Flag can sometimes form at the half way mark of the move but not always (30% of the time).
This pattern usually tilts against the prevailing trend.
No recommendation/Short interest is around 16%.
The pole is Down. This can break up or down and is neutral until broken.
A flag is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines. This would be a Bear Pennant as the pole is Down, but until the support line is broken it is neutral.
The Flag can sometimes form at the half way mark of the move but not always (30% of the time).
This pattern usually tilts against the prevailing trend.
No recommendation/Short interest is around 16%.