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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One of Today’s Featured Trade Ideas
TZA was the July 6 featured trade idea, and it has been a profitable day-trading chart and still poised for the swing trader to reach our targets. In light of the overall market condition, which I think is sad, the best thing we can do is to keep trading as simply and easily as possible. At this point, I believe a TZA trade fits the bill. One of the most important things you can do is to make a plan for your trade, a stop, entry and a couple of scenarios for profit taking.
Hit&Run Candlesticks Tip: Did you know that the most successful traders take profits into strength on a bullish trade and into weakness on a bearish trade?
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One of Today’s Featured Trade Ideas
TZA/Long (Small Cap 3xBear) TZA is lifting off the bottom currently trying to form a bullish J-Hook pattern. A close over the 50-day simple moving average would make it a Rounded Bottom Breakout pattern.
TZA Trading Plan (Entry, Stop, Target) Click Here
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One of Today’s Featured Trade Ideas
No featured trade idea ahead of the three-day weekend. The market is in shambles, volume is low due to everyone cleaning their grill, filling their ice chest and picking out a bathing suit.
From our Hit & Run Candlesticks family, we wish everyone a great weekend.
What some of our Trade Ideas are doing?
SCLN up 11.24% yesterday and up 20.34% overall
SCHN up 13.45% yesterday and up 8.96% overall
EA up 1.16% yesterday and 8.64% overall
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