Penny Stocks Chart School: Ascending Triangle Defined

In this Penny Stocks Chart School series, we’ll discuss some of the most popular trading patterns active traders and investors use. If you’re putting money into the stock market today, you’re participating in one of the most volatile environments in recent history.

Unique economic conditions, inflationary constraints, and general day-to-day headlines bring plenty of fluctuation to the market. For that reason, if you’re not looking to invest in penny stocks and trade them, technical analysis is vital.

Finding catalysts like news or corporate filings is an excellent first step in identifying momentum. But once that gets priced in, a lot of the short-term action can be translated by reading chart patterns. Today we answer the question: What is an ascending triangle chart pattern?

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Category: Penny Stock Tips, Trading Penny Stocks