Hubert Senters here.
Let’s update our target on AMGN. This is one of our picks in the weekly alerts that we have on Technical Tuesday. And it was AMGN we found it on this day and went vertical force and hit one, two, three targets.
The next target is going to be $265 and $271. Now, when you do this stuff you see three big up day. Be careful when you see stuff like that so if you can compare that to Corn three vertical up moves and then a pretty good retracement.
The market sometimes tends to like it to move in three but it takes you three days to recognize that. That’s a vertical move. You’re not the only genius in the world to figure it out. But that move is taking place. Don’t trace three day vertical move. Let it pull back and then you can re-initiate on the long side.
But don’t get long up here because it tends to not end well for most stuff. Same thing with Soy. Soybeans here you can see one, two, three. Two day vertical move, a buy signal and then a two day vertical move. It’s going to pullback a little bit. It’s the same thing that happens to all dog that chase cars. Eventually they end up having three leg instead of four.
I’ve been asked to speak at the Wealth365 event. I’m going to HYPERLINK you to that registration page which looks like this. And all you have to do is fill out your first name, email address and then claim your free ticket. And I’ll meet you over there and I’ll talk about Ichimoku and cloud charts and scans and stuff over there.
Good luck. Hope it helps. See you on the next video.
Hubert.
