Screener of Stock bullish pennant
AI Pattern Search Engine (PSE)


  • Set up pattern search criteria
  • Receive patterns in your feed
  • Bookmark patterns to track their status
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How It Works

Trading patterns is one of the most sophisticated trading strategies. It exploits the psychology of market participants, and takes advantage of the knowledge of market insights.If you want to use AI to discover these hidden effects, then Tickeron’s Pattern Search Engine is the tool you need. Using PSE, AI will teach you to recognize patterns and entry and exit points.

Pattern Types and Stats

Pennant

The Rising Pennant (or Bullish Pennant) pattern looks like a pennant with a mast. It forms when rising prices experience a consolidation period, and the price moves within a narrow range defined by the converging lines through points (2, ­4) and (3, ­5). After the consolidation, the previous trend resumes.

This type of formation happens when anticipation of an uptrend is high, and when the price of a security consolidates within a range. It indicates growing investor interest in a potentially explosive uptrend.

Trade idea

Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout. The breakout price level for the Rising Pennant pattern is the last point touching the top line (4). To identify an exit, compute the target price by adding the initial rise between points 1 and 2 to the breakout price. When trading, wait for the confirmation move, which is when the price rises above the breakout level.

To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.

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Real Time Feed

Pennant (Bullish)

CCXI ChemoCentryx

Stock

ODDS FOR THIS TICKER: 67%
EMERGED CONFIRM CONFIDENCE DISTANCE
Aug 17 Aug 24 60% 2%
Pennant (Bullish)

POR Portland General Electric Company

Stock

ODDS FOR THIS TICKER: 90%
EMERGED CONFIRM CONFIDENCE DISTANCE
Aug 17 Aug 24 63% 6%
Pennant (Bullish)

FBIOP Fortress Biotech

Stock

ODDS FOR THIS TICKER: 68%
EMERGED CONFIRM CONFIDENCE DISTANCE
Aug 4 Aug 6 59% 2%
Pennant (Bullish)

BP BP plc

Stock

ODDS FOR THIS TICKER: 59%
EMERGED CONFIRM CONFIDENCE DISTANCE
Aug 16 Aug 23 59% 8%
Pennant (Bullish)

SIGI Selective Insurance Group

Stock

ODDS FOR THIS TICKER: 60%
EMERGED CONFIRM CONFIDENCE DISTANCE
Aug 24 NOT ConfirmedOnED 60% 5%