Technical Analysis of Financial Markets

Saturday, May 27, 2006

Hansen Natural Corp. (HANS) - Descending Triangle or Flag ?

This week, HANS made second place on IBDs 10 Highest-Rated Stocks. Over the course of the week, HANS has been consolidating and it first looked though as if a bearish Descending Triangle pattern was in formation:

However, as the week progressed, the Decending Triangle formation has evolved to a bullish Flag formation:

Cross-post at The Bull Trader:

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