MBOT – J-Hook Morning Star

MBOT (Microbot Medical Inc.) The MBOT Chart printed a Bullish Morning Star at the top end of a Bullish J-Hook continuation pattern. Fridays close was over the 50-SMA making MBOT a Rounded Bottom Breakout pattern/strategy. We see a couple great targets that can produce monster profits. We will cover the entry, stop and profit zones in our morning comments.

Good Trading – Hit and Run Candlesticks

Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 8:45 EST AM every morning with the HOG and then Rick at 9:10 EST. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

►Trade Updates – Hit and Run Candlesticks

In the past 30-days we closed out a couple positions that were not working, and a took some profit on a few. The past 30-days we are working with a 60% win rate.

Are you having trouble putting together a winning trade? Not sure what scans to use? So near to having multiple winning trades, but something always goes wrong. Maybe a couple hours with a trading coach could make all the difference in the world. Hit and Run Candlesticks has 4 trading coaches – Learn More about the Coaches

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlesticks, Right Way Options, Strategic Swing Trade Service and Trader Vision.

► TRLD – You would be up about 22.27% or $265.00

If you bought 100 shares when we posted to our members on August 31. Hit and Run Candlesticks members practice trade management and trade planning with Price and Candlesticks, The T-line, Trend, Trend Lines, Chart Patterns, Support, and Resistance.

► Eyes On The Market (SPY)

The SPY help above the T-Line and above support. The trend is controlled by the Bulls, so we plan to stay bullish. $248.05 remains our first major support line, caution between $248.05 and $246.20. Below $246.20 we will become bearish.

► What is a Trade Idea Watch-list?

A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 15 days for example. From that watch list, we wait until price action meets our conditions for a trade.

Rick’s personal trade ideas for the day MEMBERS ONLY

Start your education with wealth and the rewards of a Swing Traders Life – Click Here.

Investing and Trading involve significant financial risk and are not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.