BKD (RBB) Morning Star Breakout
BKD has become an (RBB) pattern with a Morning Star Breakout. After a gap down in February, BKD has walked sideways for about 2-months. The Bullish Morning Star Broke out into a Rounded Bottom Bottom (RBB) Pattern Friday on good volume. With bullish follow-through BKD has a few swing target zones to consider up to about 30% in the (RBB) strategy. We will cover more details about stops and entries in the HRC trading room.
Live Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am this morning. members morning briefing
Recent Trades
ADM 41% • IWM 13% • SHLD 57% • FOSL 11% • IWM 49% • CVEO 29% • GE 11% • ANF 56% • CREE 51% • FLO 3% • VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% •
SPY • A Big Week Ahead
Over 130 stocks report, and we hear from the FED’s this week.
Price has been trapped between the bearish red line and the bullish green line for some time now. Thursday and Friday were able to close and hold over the neutral $265 line. Price will be above the 3,8,17 pair this week; the question is will it hold? $267.80 followed by $269.10 will be important for the buyers to move past and the sellers would love to push us back through $265.00
AAPL reports Tuesday, just saying
Last week the VXX chart was not able to put much together, but it is not out of the game. Over $44.40 we could see game.5
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Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • 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 • Trade Planning, Fibonacci, Stoch/RSI
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Testimonial
I have been a member of HRC for five years, RWO for three years. I applaud the efforts of all coaches Rick, Doug, Ed and Steve (also fellow members) in helping me become a better trader than I was starting out and I am still learning. Doug reinforces the “Price is King” mantra every day since we traders tend to forget it in the midst of finding the next ‘sure thing’ indicator. Rick, will make us sometimes answer our questions to foster the thinking and quicken the learning process. Over the years, I have been in many trading rooms. I am here to stay. This room and its members are the best. Period!
Fred Narielvala
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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