FEYE – Has Formed a Bullish Ascending Triangle

(FireEye Inc.) $FEYE has formed a Bullish Ascending Triangle, and on the 3-day chart, it can be traded using the Rounded Bottom Breakout Strategy. The T-Line continues to trend in spite of the choppy price the past 3 months. Looking back to July 7^th we can see a Bullish Morning Star, a Double Bottom and a minor breakout with consolidation. Volatility stops are we positioned on the daily and the 3-day charts. (Disclosure – Hit and Run Candlesticks bought FEYE yesterday)

Learn more about Hit and Run Candlesticks, and today’s trade idea and plan plus the 10 or more members trade ideas, starting at 9:10 EST AM every morning. Every day we teach and trade using the T-Line, Candlesticks, Support and Resistance, Trends, chart patterns and continuation patterns.

Trade Updates

Hit and Run Candlesticks closed NVAX yesterday with a small gain, in hind sight, we should have closed it sooner. We will wait for another buy alert. We entered 2 more trades yesterday, and we are still holding 4 Double -Digit gainers and 7 single digit gainers with a few still waiting.

What would you do with 2-3 or even 4 double-digit trades every week? Education on how to manage a trade from start to finish is key to a swing traders profits.

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.

$DVAX was first presented to HRC members on March 1,

And yesterday it ran another 10.94% for a total of 136.67%. Another chart that has worked out very well for Hit and Run Candlestick Members. Hit and Run Candlesticks members have learned how important it is to follow price with Candlesticks and manage their trades using The T-line, Trend, Trend Lines, Support, and Resistance.

Eyes On The Market

A few big names will be reporting today so as always be aware and trade with caution. Yesterday the market was controlled by the bulls for the most part. The T-Line trend is still intact with no sell signal posted yesterday.

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 watchlist, we wait until price action meets our conditions for a trade.

MEMBERS ONLY

Investing and Trading involve significant financial risk and are 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.