Bullish Morning Star Shows Bullish Follow Through

CHRS (Coherus BioScience) has printed a double bottom with a Bullish Morning Star that is showing Bullish follow through. Price has pulled back from a Shooting Star to test the 50-SMA it Bullishly broke through. Today we are looking at a Pop Out of the Box within a Rounded Bottom Breakout.

Good Trading – Hit and Run Candlesticks

Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 8:45 EST AM every morning with the HOG and then Rick at 9:10 EST. 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 added 1 new long yesterday and closed out AMZN short for a profit and closed our TVIX for a 3.6% loss.

Are you having trouble putting together a winning trade? Not sure what scans to use? So near 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.

► GRUB - You would be up 28.43% or $1246.00

If you bought 100 shares when we posted to our members on May 30. Hit and Run Candlesticks members practice trade management and trade planning with Price and Candlesticks, The T-line, Trend, Trend Lines, Chart Patterns, Support, and Resistance.

► Eyes On The Market (SPY)

Yesterday, Wednesday, August 31, the Bulls were in the mood to run over a few Bears. The Bullish Belthold had great follow through which led to a close over the big 3 moving averages and the $245.60 line. There are still traps the Bull can fall into before a new breakout so trade wise. Listen to what price is telling you.

► 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

Start your education with wealth and the rewards of a Swing Traders Life – Click Here.

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.