PBO Flag Found A New Friend

CYCC – The Rounded Bottom and the PBO Flag found a new friend, “the Morning Star.” Excellent support with price, the big three moving averages and price support. A little volume kicked in Friday, and after $2.25 there’s a nice little gap that could reward in a good way.

 Good Trading – Hit and Run Candlesticks

► Must Read Trade Update (NTNX)

On October 16 we shared and covered in detail the technical properties of NTNX in the Trading Room, Friday the profits were about 35.5% or $945.00, with 100 shares. NTNX has been a T-Line run and continued to make higher highs and higher lows.

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► Eyes On The Market

Can you believe this marker? I saw the DOW up over 200 points. At the close Friday the Bulls had come back strong, and with the TAX Bill this weekend the Bulls must be throwing a party. Today and this week it will be more important than ever to keep an eye on price. We don’t want the price to sneak across some line we don’t want it to. The trend is you, friend; friends do turn on each other on the playground.

Rick’s trade ideas for the day – MEMBERS ONLY

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

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.