One of Today’s Featured Trade Ideas
DGX/Long (Healthcare Diagnostics and Research) On July 8, DGX found support on the 200 SMA and a double bottom bouncing back above the big three creating a high, then pulling back the last several days creating a higher low finishing yesterday with a bullish morning star signal and what we call a moving average squeeze.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today.
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Something to think about:
Rule #24 Cash is a position, too.
DGX Trading Plan (Entry, Stop, Target) Click Here
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One of Today’s Featured Trade Ideas
ANTH/Long (Healthcare, Biotechnology) ANTH has been a featured trade idea in June and July. I am featuring it today because of how it’s coming out of a rounded bottom in a Doji continuation pattern or Doji sandwich, as it sometimes is called. ANTH is still about a dollar away from our first target.
I will be covering more on trade ideas in the trading room at 9:10 AM EDT today.
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ANTH Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #23 Trading is probabilities.
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One of Today’s Featured Trade Ideas
LEAF/Long (Financial/credit services)
After a 70% run back in February/March, LEAF has pulled back below the big three, formed a rounded bottom and has now broke out above the big three. The price action of July 16 suggest that the buyers plan on taking LEAF higher after the 16th we can see a 2 bar flag and then a bullish breakout yesterday.
I will be covering how to trade this chart in the trading room at 9:10 AM EDT today
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Something to think about:
Rule#22 Don’t panic
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