BYD Painted a Doji Continuation Pattern
Yesterdays close in BYD Painted a Doji Continuation Pattern that also broke out of the Bullish “W” pattern. With about 10% of the February high, we are expecting BYD to breakout at some point and run higher. We will be planning a trade for a 30-40% run over a few weeks time. Don’t forget, managing your trade is important too, we can help with that.
PNK is another casino chart that looks ready to make a few bucks for us. Bull Kicker bounced off the 50-SMA with a T-Line Run to help price breakout. 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.
Did you know I (Rick Saddler) opened a small $5000.00 test account to make a point and in 5 months it has grown 140%? Climb aboard the train to financial freedom with us.
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SPY • Bullish T-Line Run
The SPY is in a bullish T-Line Run that needs a little rest. Now that price has broken out of a bullish “W” pattern and test of about $269.80 would be healthy for the market. There is a possibility that the test might be a bit deeper and closer to the 50-SMA. The last thing you would want if you’re a bull is for price to lose the 50-SMA. As of now our Red White and Blue trend are still intact.
Red White Blue Trend
3-EMA > 8-EMA and the 8-EMA > 17-EMA
VXX – Take a look at you’re your VXX chart and notice how bearish Red White and Blue trend in working in the VXX
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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
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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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