EXAS With An Ascending Triangle

We are adding a few trade ideas to our watch list. One is EXAS with an ascending triangle pattern. The Inverted Head and Shoulder and the trend have landed EXAS in an Ascending Triangle pattern. Finding support above the 20-SMA and the bullish piercing candle yesterday may be a clue that EXAS may be getting close to a breakout.  Note we are adding this stock to our watchlist only at this time. Without the proper education, there is a high probability you will lose your money.

Jump to the EXAS Trade PLan CLick Here

All Traders Should Have Fibonacci Education

• Why do Fib Ratios Work?
• Why Should You Use Extensions instead of Projections?
• Answers to Common Problems Using Fibs.
• Where do you begin and end your drawing?
• Do we use Bodies or Wicks?
• Which Ratios should be your focus?
• How to Identify the major support/resistance Levels with Fibs?
• How to Find Entries with Fib Retracements?
• How to Set Targets Using Fib Extensions?

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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

Today is all about the $271.00 (area) resistance and whether or not the buyers can turn it into support. Working with support and resistance lines are very easy, the bull or the bear with can or can not. Yesterday the SPY was pushed down because of news which may or may not be important to the US stock market. Yesterday’s price action closed below the 20-SMA and above the 50-SMA. At the moment the bull is still bigger than the bear, price action today could make the difference.

VXX – The VXX yesterday had a nice bullish day filled with fear but the chart really didn’t get too far. Over $39.90 the market bear will get bigger and the bull will get sheepish.

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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. or Rick Saddler is to be considered 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.

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