Bullish Piercing Candle On Support

COUP has produced a Bullish Piercing Candle on Support after a few days of consolidation. The weekly chart shows a perfect J-Hook Continuation pattern with a breakout and a test of the breakout point ($50.70). You can see on the weekly chart COUP has been bouncing off the rising T-Line creating a nice T-Line Run. Above $54.00 we could see a 20% swing

We will cover more details about stops and entries in the HRC trading room. Live Members Morning Prep with Steve Risner at 8:45 AM Est. And Rick Saddler at 9:10 am this morning.

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Rare to have a service teach you how they find their choices but, HRC/RWO teach you how to fish instead of fishing for you. And, your ideas are not panned but shared, implemented, or improved. Sharing is caring. –Thomas Bradly

SPY

Trade issues on hold and the market pops. Nothing changes, the chart and price action is where we do our work. The SPY produced a Doji Friday and still using the T-Line and April 18 as support. $275 remains an important area for the buyers to break through. Last week the sellers Evening Star (Daily chart) held the buyers back. Perhaps9 a positive close today will begin the end of the Evening Star action.

IWM a driving force broke out and held its ground last week. IYT slow but held it’s own, above $195.25 could put this vehicle in motion. SMH pulled back last week and its premarket looks a little weak, $102.90ish may be a destination.

VXX – With price trending down there seems to be no fear in this market. Bulls live on another day.

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Testimonial

This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick

Investing and Trading involve significant financial risk and is 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.

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