STRL Gapped And Strolled Sideways

STRL – Gapped and strolled sideways for about a month now in a tight trading range. Price action seems to be playing well with support, the lower T-Line band, and the V-Stop. I am bullish above $17.20 with a buy zone between $17.20 and $18.40.

At 9:10 AM ET. We will talk about the technical properties of STRL with target zones, a couple of logical entries and a protective stop. We will also be showing our trade plan with risk/reward and expected profits.

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► Must Read Trade Update (LB)

On October 9, we shared and in detail the technical properties of LB in the Trading Room, Yesterday the profits were about 37% or $1590.00, with 100 shares. After the October 5^th candle LB followed The Lower T-Line Band and the V-Stops perfectly.

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► Eyes On The Market

The market survived the FOMC! However, you see the intraday price action or even the daily for that matter the trend is still bullish. The SPY has put together six higher lows and highs working to beat the December 4 high.  The $25000 magnet in the DOW may be stronger than the bears can handle, just something to think to ponder.

The VXX short-term futures are trending down below the V-Stop and the Lower T-Line Band, (No change from yesterday)

Rick’s Swing Trade ideas – MEMBERS ONLY

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Learn how and what we trade: The T-Line • T-Line Bands • Chart Patterns • Support • Resistance • Patterns • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops

Investing and Trading involves significant financial risk and is 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.

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