Today’s Swing Trade Ideas
ACHN/Long (Healthcare Biotechnology)
Is trying to put together a Doji continuation pattern, some know it as a (Doji sandwich) above the big three and after constructing a two-week base. ACHN was also a featured trade idea on October 17. As of the close yesterday we are still looking for approximately 20% in this position.
My entry plan idea: Accumulate below $12 and above $11.60
My stop plan idea: A close below $11.60
Good Morning,
SPY: Yesterday the Bulls were able to close above 192.70 and the 20 day simple moving average. There is no doubt that the Bulls have had a fantastic rally the…
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Today’s Swing Trade Ideas
VHC/Long (Technology Software Infrastructure) VHC is set up as one of our Pinball strategies with a double bottom and what looks like a reverse cup and handle. The Pinball setup was actually three days ago, but yesterday the buyers painted a Bullish Engulf closing over the 20 SMA and the T-Line. Based on Pinball rules, we look at the 34 EMA as the target direction and with 39% possible, how can we pass up this trade. Last Tuesday night, the members’ e-learning was dedicated to the Pinball setup. You can find the video in the members’ area under “archived videos.”
My entry plan idea: An inside day, buy below yesterday’s high and above yesterday’s low.
My stop plan idea: A close below the T-Line
Yesterday in the trading room we exercised our right to be profit traders:
Closed SHLD for 28.97%,
Closed ESI for 39.74%,
SVXY currently up 10.28% on the profit trader list,
SCOK currently up 8.25% on the profit trader list.
It helps to have over 100 friends in a trading room to talk and trade with. So why not make Hit & Run Candlesticks your “Cheers” Trading Room?
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Today’s Swing Trade Ideas
ANAC/Long (Healthcare Biotechnology) ANAC is poised to break out of $27.28. The bullish trend has allowed a pull back to the 50-day moving average forming a very nice little rounded bottom J-Hook chart pattern. The $29.50 area could be the next target.
My entry plan idea: Buy on positive trading above the T-Line and 20 SMA or a breakout
My stop plan idea: A close below $24.14
Good Morning,
SPY: Friday’s Doji close below the T-Line implies the sellers are still in control of the T-Line trend…
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