HCLP – Rounded Bottom Breakout Set Up

HCLP – Rounded Bottom Breakout Set Up

HCLP (Crush Partner LP) chart has triggered a Rounded Bottom Breakout on the 13^th after price found a bottom and started to rise. The Bullish Morning Star kicked off the recent run, and now we have 3 consolidation bars. Price has also broken above the bear’s downtrend line. We will cover the entry, stop and profit zones in our morning comments as well as the members trade ideas. Note we already own HCLP

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 – Hit and Run Candlesticks

We bought the featured trade idea yesterday, still holding IDXG for an 18% profit so far, still holding MNKD for a 45% profit so far. Our UGAZ gaped yesterday and closed well. Lastly, we closed OA on yesterday’s gap for a 23.77% sweet profit.

Are you having trouble putting together a winning trade? Not sure what scans to use? So near to having multiple winning trades, but something always goes wrong. Maybe a couple hours with a trading coach could make all the difference in the world. Hit and Run Candlesticks has 4 trading coaches – Learn More about the Coaches

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.

► MTOR – You would be up about 34.98% or $631.00

If you bought 100 shares when we posted to our members on July 26. Hit and Run Candlesticks members practice trade management and trade planning with Price and Candlesticks, The T-line, Trend, Trend Lines, Chart Patterns, Support, and Resistance.

► Eyes On The Market (SPY)

The SPY is still holding the bullish line as the market continues to climb the wall of worry, so we plan to stay bullish. $248.05 remains our first major support line, caution between $248.05 and $246.20. Below $246.20 we will become bearish.

► 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.