Spotlight Chart – CC

CC was up another 5.50% yesterday

Current up – 55%

Members Trade Idea – January 11

125 Shares Invested – $1600. in your pocket

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Featured trade idea – ACHC

Set Up – (RBB) Rounded Bottom Breakout

Set Up – Doji Continuation

Potential Swing profit  15 – 40%

From a bull’s eye SPY:

Consumer confidence rallies the Bulls – the spy rallied off the 50 day simple moving average closing back over the T-Line and the 34 EMA.  While closing over the 34 EMA and the T-Line is impressive we still have to consider the resistance, that price is just now starting to test at $235.80.

Looking at the 2-hour chart – Price has faced the blue ice failure pattern and failed, it is once again testing the blue ice with the T-Line underneath the 34 EMA with a string of lower highs. As of this morning, Hit-And-Run Candlesticks remains extremely cautious and questions the bull recovery the past couple days.

For centuries, Japanese candlestick charts have been used to develop forecasts for financial investment. In reading and interpreting the information conveyed by those blocky little candles and their wicks, we can understand a stock’s movements and predict its future. Risk is unavoidable, but you can increase your confidence and your success rate by studying patterns, developing forecasts, waiting for confirmation, and remaining calm and vigilant. Learning how to trade Japanese candlesticks requires practice and patience, but it’s well worth the effort.

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service

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