Bullish Trend Since Later December
CVEO has a bullish trend since late December while constructing a good bottom. The trending construction on the weekly chart has put together clues like a Bullish “W” pattern, Bullish Cradle pattern, and a Bullish Inverted Head and shoulder. Recently the Bullish Engulf Double Bottom found and created support.
We do not and have never recommended a stock to trade. We post trade ideas that we have on our watchlist. We may or may not trade them. Not all trade ideas are traded and not all trade ideas work in our favor. Proper trading education is a must without it the probability of success is zip.
We will discuss the trade details with our trade plan in our Members Morning Prep starting at 9:10 EST this morning. members morning briefing
►Recently closed
WTW 21.9% • VIPS 118% • VXX 375% • TWTR 180% • QQQ 179% • QQQ 28% • TWTR 54% • OCN 39% • FEYE 28% • TWTR 50%
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►Event Calendar Stay Informed
►SPY Up-Date
The SPY finished the week in a great Bullish position now that price as broke out to the bullish side of the triangle chart pattern. The line the bulls need to defend is $273.00 if this can happen there is a very good probability of challenging the January high. The weekly chart is supporting a Bullish Engulf, remembers followthrough the key and followthrough is not required right away.
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►The VXX short-term futures
VXX took a nose dive and looks to be headed to the 50-SMA for now
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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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