VNDA – PBO Bullish Engulf

VNDA (Vanda Pharmaceuticals Inc) The VNDA Chart has presented us with a PBO Bullish Engulf, and bullish follow through. The last 3 days have painted a flag that is nothing more than mild profit taking IMHO. The recent move has broken out of a long-term Ascending Triangle. Join me in the trading room at 9:10 Eastern and we will discuss out trade plan.

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 for Hit and Run Candlesticks

Not much change yesterday other than we did buy the Featured trade idea.

 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.

► Ticker (MTRX) – You would be up about 40.67% or $425.00 

If you bought 100 shares when we posted to our members on August 28. 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.  A membership is worth $85.00 a month, don’t you think?

► Eyes On The Market (SPY)

Well it looks like the SPY as well as the rest of the market pulled through all the political crap yesterday. The SPY slipped briefly below the daily T-Line but managed to close in a good bullish position. Price has and still is holding It’s head high enough to keep the T-Line climbing and with the Volatility Stops below we will remain bullish, at least for now.

► 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.