Today’s Featured Trade Idea is UAA.

You can read more about this trade in Rick’s blog post here.  Members can also see his detailed review in the trading room at 9:10am Eastern.  For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

UAA has been in a strong Bullish Trend the last 3 months.  The last couple weeks it has been forming a Bullish Flag or Pullback Opportunity.  On Wednesday, it broke out of the down trend of the Flag (against a Bearish overall market).  On a breakout (above recent resistance), I’ll look for an Entry about $23.55, using a Stop below another S/R level and up to 3 Targets drawn from a Weekly chart.  Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The UAA Trade Setup – As of 6-27-18

The UAA Trade Plan

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the overall risk of the position size, risk to Stop out and Reward possible at each Target we see this trade offers between 3.5:1 and 5.4:1 Reward/Risk Ratio.  Knowing the Risk is low and the potential Reward good.  Knowing the Risk, Reward and how far a stock must move to reach our goal…before a trade…really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

Put the power to Trader Vision 20/20 to work for you…

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

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Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. No communication from Hit and Run Candlesticks Inc. is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

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