One of Today’s Featured Trade Ideas
LEAF/Long (Financial/credit services)
After a 70% run back in February/March, LEAF has pulled back below the big three, formed a rounded bottom and has now broke out above the big three. The price action of July 16 suggest that the buyers plan on taking LEAF higher after the 16th we can see a 2 bar flag and then a bullish breakout yesterday.
I will be covering how to trade this chart in the trading room at 9:10 AM EDT today
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Something to think about:
Rule#22 Don’t panic
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One of Today’s Featured Trade Ideas
AMPE/Long (Healthcare Biotechnology) I will be using the Rounded Bottom Breakout (RBB) strategy to trade AMPE. After the gap in April, the artist has painted a cup and handle and a flag the last few trading days and a closing Bullish Engulf yesterday. To find out more about this trading strategy, please check out our membership.
AMPE Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #21 Never be fully invested
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One of Today’s Featured Trade Ideas
ABMD/Long (Healthcare, Medical Devices) Over the past few months, ABMD has formed a symmetrical triangle flirting with the big three and the 100 SMA. This past week, ABMD has had a little run bringing price back over the T-Line and 20 SMA with a little flag at the end of last week and a Friday breakout. ABMD closing Friday at $72.33 puts it in striking distance of the $100 price target.
ABMD Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #19 — Don’t chase a trade.
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One of Today’s Featured Trade Ideas
PRTA/Long (Healthcare) After consolidating around $45.20, which was also the March high, PRTA continued to rally for a few days and then pulled back creating a little rounded bottom with a bullish J-Hook breakout. With bullish follow-through, I see a possible target around 71.
PRTA Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #18 – When price moves steadily in a bullish or bearish direction 5 to 10 days, it’s very common to see profit-taking occur.
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One of Today’s Featured Trade Ideas
USAT/Long (Technology) USAT looks to have the potential to get near the $5 area with an impressive chart pattern starting with the Doji on June 30, and notice the bull kicker on July 10. Price is now broken out of the 2015 highs pushed by a Doji continuation pattern a few days ago.
USAT Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #17 – Sell into strength
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One of Today’s Featured Trade Ideas
ORIG/Long (Oil gas drilling) ORIG is now set up for our Bullish Pinball Strategy starting with the hammer on July 7, followed by consolidating Doji’s that did create a slight high followed by a low on the 13th that closed with a hammer candle, and then yesterday bullish follow-through over the T-Line and the recent high with about 18% to the Pinball Strategy target.
ORIG Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #15 Patience
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One of Today’s Featured Trade Ideas
OSK/Long (Truck Manufacturing) OSK is what we call a Pinball setup/strategy. After an extended downtrend, OSK printed a hammer on July 7 followed by the next three days consolidating within the hammer. Then yesterday, the Bulls showed their presence closing above the T-Line. We bought OSK yesterday near the close at $41.70, and our plan is about a 10% profit.
OSK Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #14 – Trade the chart, not the news commentators.
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One of Today’s Featured Trade Ideas
ADTN/Long (Technology/Communication) Rounded Bottom Breakout pattern, double bottom, scoop pattern. Earnings Wednesday
ADTN Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #13 – What goes up must come down.
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One of Today’s Featured Trade Ideas
MX/Long (Technology) MX in the last four days has printed a Doji, hammer, inside day and a bullish gap closing above the T-Line and the 20 SMA. This is all on the daily chart. On the three-day chart, you can see a bullish morning star signal. Not to mention, it’s a Rounded Bottom Breakout with 20% to the 200 SMA.
MX Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #10: Trade with a K.I.S.S plan
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One of Today’s Featured Trade Ideas
BDSI/Long (Healthcare) BDSI has formed a double bottom with the last six trading days forming a bullish flag pattern and a bullish J-Hook breakout. BDSI is also A Rounded Bottom Breakout Pattern. BDSI has about 50% to the 200 SMA H&R Members can find the trading plan entry, stops, profit targets in the members area.
BDSI Trading Plan (Entry, Stop, Target) Click Here
Something to think about:
Rule #9
Candlestick signals don’t have to confirm the very next day.
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