Athersys Inc (ATHXQ)

[hopester]

As any serious Technical Analyst knows, a pennant does [color=red]NOT
form from a move down but from a move up followed by a retracement and back and fill on a gradual upward move over a period of weeksNOT DAYS
The sharp move down 2-3 weeks ago will if anything at all be followed by a further move down as a REVERSE Pennant forms.But that's unclear and to early.

What has been shown in an earlier post is inaccurate and false. There is no Pennant formation and any such interpretation in not only false but misleading.


http://www.mysmartrend.com/technical-analysis-chart-patterns/flag-and-pennant