One of Today’s Featured Trade Ideas
OSK/Long (Truck Manufacturing) OSK is what we call a Pinball setup/strategy. After an extended downtrend, OSK printed a hammer on July 7 followed by the next three days consolidating within the hammer. Then yesterday, the Bulls showed their presence closing above the T-Line. We bought OSK yesterday near the close at $41.70, and our plan is about a 10% profit.
OSK Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #14 – Trade the chart, not the news commentators.
Continue Reading
One of Today’s Featured Trade Ideas
ADTN/Long (Technology/Communication) Rounded Bottom Breakout pattern, double bottom, scoop pattern. Earnings Wednesday
ADTN Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #13 – What goes up must come down.
Continue Reading
Simplicity. It’s a lovely word and a very calming concept. After studying lots of complex candlestick patterns, it’s always nice to get back to the basics. Much like the Doji, the Marubozu candlestick pattern is a one-candle, easy-to-spot signal with a very clear meaning. It comes in both a bearish (red or black) and a bullish (green or white) form, and it commands attention with its long and sturdy shape. To learn more about how Marubozu candlesticks form, why they form, and what they can tell you about the current state of the market, please scroll down.
Continue Reading
One of Today’s Featured Trade Ideas
MX/Long (Technology) MX in the last four days has printed a Doji, hammer, inside day and a bullish gap closing above the T-Line and the 20 SMA. This is all on the daily chart. On the three-day chart, you can see a bullish morning star signal. Not to mention, it’s a Rounded Bottom Breakout with 20% to the 200 SMA.
MX Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #10: Trade with a K.I.S.S plan
Continue Reading
