CDNA  T-Line Bullish Morning Star

CDNA has been trending for the past two months, on May 11, consolidation started which put CDNA on our radar. Yesterday price action broke out of the consolidation with a Morning Star signal (type) after a 3 bar Pull Back Opportunity (PBO). Using Fib lines and depending on the entry a 20-30% swing is possible. We are adding CDNA to our watchlist only at this time. We may or may not take the trade depending on price action and market conditions. Do you have the trading education to be a successful trader?

Trader Vision CDNA Trade Plan Click Here

Fibs An Important Tool For The Tool Box

• Why do Fib Ratios Work?
• Why Should You Use Extensions instead of Projections?
• Answers to Common Problems Using Fibs.
• Where do you begin and end your drawing?
• Do we use Bodies or Wicks?
• Which Ratios should be your focus?
• How to Identify the major support/resistance Levels with Fibs?
• How to Find Entries with Fib Retracements?
• How to Set Targets Using Fib Extensions?

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SPY Bullish Morning Star

Yesterday the SPY closed with a Bullish Morning Star above the T-Line, the T-Line is above the 34-EMA trending, and the 34-EMA and 20-SMA are trending as well. The V-Stop has flipped from a one day red back to green. The April 18 candle is important for support and resistance, note that price action and the T-Line are above the April 18 candle. The next challenge for the SPY is $274.00. Overall we are bullish on the SPY, please read the VXX comments.

VXX – Price action closed the last 2 days above the T-Line and held fairly well yesterday. Still, below the trend line, a break above the trend line would be a clue of trouble in the market.

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Testimonial

This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered 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.

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