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Black Friday Sales End TONIGHT
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Good afternoon members,
We hope you had a great Thanksgiving week with family, friends or just relaxed with some good educational books and a warm fire maybe.
We are very thankful to have you with us here at RagingBull, but we noticed you MIGHT be missing something! I’ll get to that in a moment….
As you know, LottoX is getting a facelift and we are working really hard to over deliver to members. Sure, we still have “LottoX” Thursday’s but now we are offering up to 10 additional trade ideas each month and sometimes even more!
How does that sound to you?
How about a quick review of what went down last week in our shortened trading week.
The week started off with a WMT idea which came off a earnings miss but I felt this was a great week to look for retail stores to pop into Black Friday and Cyber Monday.
WMT was a nice 3 down day move with the “doji” candle lesson. The doji candle is something I look for when a stock has fallen for a day or two. This type of candle makes me think that selling could be slowing or hopefully over and a new uptrend could be starting.
Sure enough, WMT didn’t disappoint and the price action moved up nicely over the last three trading days of the week, which was the length of my hold on these calls. Now, I am watching to see if WMT keeps pushing up toward $161 which is the 50 SMA on the current daily chart. Below is the first chart showing that doji candle then the second chart showing the nice bullish move to follow.
Next, I moved on to MARA as Bitcoin took a push at $37k and I felt this was a great time to look at the “Ascending Triangle” chart pattern. This chart pattern is one of the strongest triangle patterns I watch for and MARA didn’t disappoint as well. MARA ended up turning into a 30% plus winner in less than an hour and I couldn't have been happier to hit this into the close of the week.
The lesson here was to look for Bitcoin prices to be near a new high and then a favorable chart pattern to make my best educated decision on the MARA calls.
Notice on the two charts below the first showing the triangle pattern setup with the second showing the strong move up (red circle) on Friday. If Bitcoin keeps pushing, I actually like this idea again for a move into the $12s.
Overall, a nice week of two 30% winners here on some short term swings. I know not all trades will be winners like this but it was nice to see two great chart patterns play out.
Trading is hard, results are not guaranteed, past performance not indicative of future results.
If you’re looking for more training and trade ideas on short term options trades then you need to check out this page right here.
This is one of our best deals for LottoX and I can promise you Jeff Bishop and I will be working hard to continue to deliver great training lessons and ideas like the ones you see above.
Alright, I’m off to start doing some scanning before the weekend ends. I hope to see you inside LottoX this week!
Cheers
P.S. If you would like to see if you have any credits you can apply to any of my services, please reach out to Jeff Brown at [email protected] or call him at 800-585-4488
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