FRTA – Ascending Triangle Breakout

FRTA has been trending and now has broken out of a Bullish Ascending Triangle. After the November 8 Bullish breakout FRTA has produced a rising trend. The past 15 days or so the price action has drawn an Ascending Triangle pattern. FRTA has a great deal of profit potential if you look at the $20.00 profit zone and the profit zones along the way

At 9:10 AM ET. We will talk about the technical properties of FRTA with target zones, a couple of logical entries and a protective stop. We will also be showing our trade plan with risk/reward and expected profits.

► Must Read Trade Update (SGRY)

On December 12, we shared in detail, the chart setup of SGRY in the Trading Room, Yesterday the profits were about 36.92% or $360.00 with 100 shares. Using simple rules and techniques to achieve swing trade profits. A traders lifestyle is worth the work.

Learn how and what we trade: The T-Line • T-Line Bands • Chart Patterns • Support • Resistance • Patterns • Buy Box • Volatility Stops • Price Action • Candlesticks • Profit Zones • Entry Zones • Protective Stops • RBB Pattern • Pop Out of The Box Pattern

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► Eyes On The Market

Welcome to 2018, what a great day yesterday was. Seems like the market it is playing with a full team! The SPY is still under the control of the T-Line trend (above all 3). Yesterday the SPY closed up $1.01 with a small breakout poised to follow through with a J-Hook continuation pattern.

The DJ-30 closed yesterday with a Doji, bullish chart pattern above the T-Line, come 25K you can do it!

The VXX short-term futures lost all interest yesterday in playing the game!

Rick’s Swing Trade ideas – 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.

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