Breakout On GRUB

The breakout on GRUB suggests the buyers plan to push the price higher. Price action found itself digging for support around the 34-EMA and 50-SMA, turns out that area is also high before a bullish pullback on November 27, January 11. A Bullish Harami was printed followed by a higher high and a higher low. (A bullish chain created)

To learn more about my trading tools join me in the trading room or consider Private Coaching. Rick will help coach you to trading success.

Today At 9:10 AM ET. We will demonstrate live how GRUB could be traded using our Simple Proven Swing Trade Tools

► Learn the Power Of Simple Trading Techniques

On January 17, Rick shared THC as a trade for members to consider and how to use the trading tools listed below. Friday the profits would have been about 17.1% or $277.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Continuation Patterns • Trade Planning… Learn More

► Eyes On The Market

Another very positive week for the indices, the SPY, DIA’s and QQQ’s produced closed the week with another new high while IWM made a new high but did not close with a new high. SMA had to deal with a gap down and removed the best it could Friday. IYT printed a Bearish Engulf 9 days ago and had not recovered. IYT lost the help of the T-Line on Wednesday of last week and now is relying on the 20-SMA for a little support.

The VXX short-term futures seen to be acting a bit bullish in spite of the overall market bullishness or lack of fear. The T-Line has maintained a cross over itself for the last 3 bars, and the last 3 bars are on the bullish side of the 20-SMA. Price action has been shaped by the bulls for about the last 11 trading days.

Rick’s Swing Trade ideas

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Investing and Trading involve 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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