Hubert Senters here.
This is an introduction video I’m travelling. I’ll be in Vegas this week. And Mark Helweg is gonna be filling in for me so I’m just letting you know so you’re not surprised. Without further ado I’m going to turn it over to Mark. Mark take it away. Thank you Hubert. Hopefully you’re having a great time in Vegas. This is Mark with top trade tools 3x options.
Let’s take a look at a hot stock right now that’s ABBV experiencing one of my favorites when trading set-ups. The acceleration pattern. Now, here’s how this works. Normally, what we’d expect when a stock experiences a downswing is exactly this.
We’ll see a downswing in indicator and a downswing in price as you can see over here what’s happening. The downswing should be happening after the cycle top but it’s not the indicators almost flat lining here and you’ll see that prices continue going higher during the same time frame that they should be selling off like this first example.
So this is an indication that the buying power is overwhelmingly strong and this usually predicts out or projects out to stocks continuing higher. So a near-term target here for ABBV is $85 likely to spend up to even $87 or possibly even $90 per share.
This is a momentum type trade. So we don’t expect it to experience anything significant in terms of corrections but it should carry on forward and continue upward here over the next couple of weeks because right now it appears to be in very strong hands.
Lastly don’t forget Friday at noon ‘’How to Potentially Profit from Huge Market Moves without Having to Predict the Direction’’ responsible for price moves like this and profits like this targeting explosive profits in a very short period of time without having to predict the direction.
I’ll take you to the REGISTRATION page right after this video. That’s Friday noon Eastern. Look forward to seeing you there. Thanks for watching everyone. And as always good luck trading.