AMBA – Bull Kicker and Bullish J-Hook Continuation Pattern

AMBA (Ambarella Inc), The AMBA Chart, has printed a Bull Kicker and  Bullish J-Hook continuation pattern in a long-term wedge pattern. A breakout and follow through is a must. If the Bulls can pull off a breakout AMBA has potential 50% + run in it.

►Train Your Eyes Contest

AMBA • Starting 9/5/17 find the Bullish Engulfs • The Bull Kicker • and the Bullish Morning Stars.

Email your answers to Rick Saddler; two winners will be drawn for a free month with HRC or RWO your choice.

Good Trading – Hit and Run Candlesticks

► Ticker Update (AZO)  

You could have profited more than 11.25% or about $6000.00, with 100 shares when we posted to our members on August 31.

If you are interested in trades and profits, Rick Saddler founder of Hit and Run Candlesticks offers private recorded coaching • LEARN MORE

► Eyes On The Market

In yesterday’s market update I wrote, “With Friday’s close, we see support around the $256.00 area”. The SPY found intraday support at $256.02. The Bearish Engulf requires follow through to be damaging to the buyers. A close above $256.95 gives the short term sellers hope and encourages them.

Overall the trend is bullish, as of now we are looking pullback to be buying opportunities as long as the trend remains intact.

Rick’s trade ideas for the day – MEMBERS ONLY

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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.