Bullish Morning Star Pattern Pulled Back To Support

Free Trade Idea – DEPO

DEPO – Has now formed a Bullish Morning Star Pattern after a 17 percent run followed by bullish consolidation testing and holding above support.  The double bottom and Belt Hold after a seven-month decline may be the start of a reversing base. DEPO is a Rounbed Bottom Breakout -RBB possible set for a swing or two. Members of Hit and Run Candlesticks also have 11 other trade ideas we cover live each morning starting at 9:10 EST.

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 Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.

Eyes On The Market

The overall market is mixed DIA’s, IWM above the T-Line, SPY, and QQQs below the T-Line. Take a look at each chart to determine the trend that meets your needs. The weekly chart has the QQQs below the T-Line.

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 watchlist, we wait until price action meets our conditions for a trade.

MEMBERS ONLY

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.