BKS Hammer, Bull Kicker, Consolidate

(Barns & Noble) BKS has formed a recent chart pattern that includes a Hammer, Bull Kicker and now consolidating with a FLAG. The T-Line has risen above it’s self as well as the 34-ema. BKS is an HRC- Rounded Bottom Breakout setting up to challenge the 200-sma, 17% away.

Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 9:10 EST AM every morning. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

Trade Updates – Hit and Run Candlesticks

We are still holding 18 positions, closed one for a loss and added a position (Inverse ETF) yesterday. I am growing a bit concerned about the market and will start to close few more positions so not to be over exposed.

Are you having trouble putting together a winning trade? Not sure what scans to use? You come so close to having multiple winning trades, but something always goes wrong. Maybe a couple hours with a trading coach could make all the difference in the world. Hit and Run Candlesticks has 4 trading coaches – Learn More about the Coaches

With on-demand recorded webinars, eBooks, and videos, member and non-member eLearning, plus the Live Trading Rooms, there is no end your trading education here at the Hit and Run Candlesticks, Right Way Options, Strategic Swing Trade Service and Trader Vision.

[29.49% IPI] IPI was first presented to HRC members on May 16,

IPI is still Bullish and has moved above consolidation with a T-Line Run. Hit and Run Candlesticks members have learned the importance of their trading tools, Price with Candlesticks and manage their trades using The T-line, Trend, Trend Lines, Support, and Resistance.

Eyes On The Market (SPY)

Price and the T-Line are trapped between Support $245.70ish and Resistance $247.90ish. The 2-day chart still shows a Bearish Engulf but price is still above the 2-day T-Line Band high. The battle is on!

What is a Trade Idea Watch-list?

A trade idea watchlist is a list of stocks that we feel will move in our desired direction over a swing trader’s time frame.  That time could be one to 15 days for example. From that watch list, we wait until price action meets our conditions for a trade.

Rick’s personal trade ideas for the day MEMBERS ONLY

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Investing and Trading involve significant financial risk and are 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.