Hubert Senters here.
Let’s take a look at AMD so you got to see me do a lot of stuff with fibonacci with the price extension. What do you do when you get one running away? It’s a common question that I get a lot.
So first you should keep it really simple and all we’re looking for is a low, a high and then a new low but you don’t have a new low so what you’re going to do.
You could always come here and go low, high, low. That one will work because it’s already passed all those.
So what you can do is you can use this yellow line called the turning line or so you can use that level at $105.79 because that would be a normal pullback.
And then you can retrace that off of there with the anticipation of it and it will probably pull there and go higher.
Sounds a little confusing. It’s not that bad though. So another thing you can go is you can go a fibonacci from the beginning of this buying to the end of that buying which is going to be right about that area.
So you kind of see like a couple of things kind of stocking up on top of each other we’ll give it a little bit more validity in your decision making process.
So all you have to do is just use that area and then you can go one, two, three. What I’m going to do is I’m going to do just that and we’ll see where we think AMD is going to go.
One, two and then if it pullbacks to this area and pullback here to the $104-ish area but if it doesn’t then it’s probably continue going to go $128, $142 and then $157.
That’s how I like to do pullbacks. I like to look for 50 percent retracements and buy them on a discount.
So if you’re technically trading you can get a little bit discount. You’re not always in FOMO mode worrying about things going off and running without you.
Now, obviously the market has changed significantly and I’m going to be doing a webinar on The Mother Of All Bubbles.
This is a presentation I pull out when I just think the market is getting a little too big for its breeches. It’s a little bit too aggressive.
And it could potentially roll over any second in the next couple days, next couple of weeks, next couple months.
Now, it’s impossible to time the market exactly correctly all the time. Although, I was able to do it during the covid thing with these 3 simple tools that I’m going to show you on this webinar.
And anyone can do it. This is not hard. Whether you’re a day trader, a swing trader, a long term investor. This is going to help you time your investments better so that you can potentially beat the averages.
So webinar is going to be Wednesday, August 4th at 7PM EST. First name, email and mobile telephone. What I’ll do is I will remind you with some voice messages and text messages.
If you need to opt out of those all you have to do is hit zero on your phone or hit stop on your text message and will send you.
Good luck. Hope it helps. See you on the next video.
Hubert.
