TGH – Has Broken Out Of A Bullish W Pattern

(Textainer Group Holdings Ltd) After about 2 weeks TGH has broken out of a Bullish W pattern and a Bearish downtrend line. $TGH has consolidated for about 2 weeks trying to put a trade together, last week a Bullish Morning Star was formed and led to Friday’s breakout. Trade with extream caution in current market condition.

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

A few stock we are holding are PLUG, HIIQ, KTOS, HZNP, VEX, P, IPI, CBAY; we also have a few that are not green, but that is not in any danger as of Friday’s close.

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 Candlestick, Right Way Option, Strategic Swing Trade Service and Trader Vision.

$XGTI was first presented to HRC members on May 24,

A ran another 5.15% Friday for a total  of 26.94% from the May 24 call. Another case of knowing how to manage a chart with Candlesticks, The T-Line, and Support and resistance.

Eyes On The Market

This is going to be a crazy week for earnings therefore Hit and Run Candlesticks we are taking a very protective and cautious stance when trading this week. Out trading is likely to be very light.

The SPY, IWM and Q’s closed over the bullish trending T-Line while the DIA closed a bit weak. It will be very important that the T-Line continues to trend with the Bulls this week. Support is at the $245.00 area for the SPY.

Over all the market is bullish, price leading the T-Line and support doing its job as of yesterday. 2 ETF’s that might help with the market overview is (VTI) Total Stock Market ETF and (VT) Total World ETF. IWM finally broke out.

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.