TYTN - Very Bullish - Pennant Formation

TYTN a very bullish chart formation could mean shares are ready for another big breakout to the upside.


Pennant (Bullish) Chart Pattern

A Pennant (Bullish) is considered a bullish signal, indicating that the current uptrend may continue.

A Pennant (Bullish) follows a steep, or nearly vertical rise in price, and consists of two converging trendlines that form a narrow, tapering flag shape. The Pennant shape generally appears as a horizontal shape, rather than one with a downtrend or uptrend. Apart from its shape, the Pennant is similar in all respects to the Flag. The Pennant is also similar to the Symmetrical Triangle or Wedge continuation patterns however; the Pennant is typically shorter in duration and flies horizontally.

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