Some traders love charts so much and they trade only when see a chart pattern. There are many chart patterns such as cup and handle, source and handle, head and shoulders, pole and a flag, pole and a pennant etc.
These days one of the chart pattern that you can see with Textured Jersey Lanka PLC (TJL) is the pole and pennant pattern. This pattern is formed when there is a steep rise or fall. With regard to TJL, it is formed with a steep rise in july, 2014, thereafter it was followed by stock consolidating and trading in a narrow price range up to the one week back during which the narrow trading range created a shape of a symmetrical triangle (the pennant). At last the stock breaks out of that narrow trading range and you probably now experience the rise of TJL price and it will continue 26 to 30 level in within 6 months.