DNR – RBB Bullish Morning Star

DNR (Denbury Resources Ltd) The DNR Chart has presented us with a Rounded Bottom Breakout Strategy and a Bullish Morning Star set up. After breaking down below the 200-SMA back in February, DNR has had the bear on its back. We have now been triggered that an RBB setup has accrued and Bullish Morning Star continuation pattern has been offered up. We will build a trading plan and follow the RBB rules.

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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 for Hit and Run Candlesticks

We are preparing for our trip to the Chicago Board of Trade (CBOE). We hope to see you there; it will be a blast.

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.

► Ticker (RIG)

You could have been up about 14% or about $124.00 If you bought 100 shares when we posted to our members on September 13. Monthly • Quarterly • Semi-Annual • Annual • Specials and Bonuses available from time to time (Look at your emails when you get them)

We control our risk and manage our gains • We teach the Same • Cancel Anytime

► Eyes On The Market (SPY)

The SPY is still in consolidation mode with another lower high and a close below the T-Line. We are waiting for bullish price action that closes over the T-Line. Yesterdays shadow fell below the T-Line Band Low but closed back above. A bullish clue, we still need price to follow through.

► 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

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Investing and Trading involves 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.