A bullish pennant chart pattern can be a powerful bullish chart pattern that is found during strong bull markets that is very similar to the bull flag. They are more rare than a bull flag. The price compression in the pennant can lead to explosive moves once there is a breakout. Many times these patterns are formed in leading growth stocks that have gone parabolic. The bull pennant is a continuation pattern of the previous uptrend. A pennant pattern is very similar to a flag pattern except a flag is rectangular and descending and a pennant is triangular. A bull pennant chart pattern occurs after an uptrend out of a ... (full story)