Ayala Pharmaceuticals Inc (ADXS)

[Meishairwin]

Question for TA experts on this board...

I am not a TA expert...in fact, I know only a few buzz words and a few indicators and such. Here's my question:

If you look at the daily ADXS chart from 2014, you can draw an upsloping line through the lows starting in late 2014 through low points at (approx) February 2016, Dec 2016/Jan 2017 and then last month. You can then draw a downsloping line from the all-time high in (approx) June 2015, through the high in Aug 2016 to Mar 2017.

If you do that, you get sloping lines that converge on about now... does this suggest a "pennant" or some such, or is this "pattern" I am seeing insignificant from a TA POV? If it is a "pennant," what might it mean?