Hubert Senters here.
Let’s take a look at AMP is the stock symbol scanning for on Friday. You’re probably receiving this video over the weekend. This is a potential long for next week. It does have a couple of issues with it so I want to point them out to you really quick.
Number one, it has a one day above the cloud which is good. That’s what we’re looking for. It’s got some overhead resistance here and here that is going to have to deal with right there in about the $150 area so you got to look out for that. And then the ADX is a little low. It’s $9.46.
Now, heads up ADX is lagging in effect. It’s a very lagging indicator. It’s a free indicator but when you’re looking at it it’s not a perfect set up but it’s also not a bad one to put on your watch list and let me show you why. Number one, it’s got some potential to the upside but when you’re looking at it you see where it’s hook and just a little bit there ADX is a little low.
We kind of know it’s lagging. See how it’s baseline and it’s hooking up. So it’s headed back towards $20. Now, when we start looking where the potential is for this thing at I’m just going to throw it on a weekly chart it will just be a little bit easier.
So if you go from this point to that point. I’m using my mouse have I draw on the chart for you so it makes sense. You are going to start from here and end here. You’re going point one to point two and then your zone for your target here is going to be right there in that so I’m going to grab a Fibonacci tool real quickly.
And there drop it and drag it and then drop it again. I’m going to drop it right there because it’s actually a lower low. So from this high down to this low it could potentially climb as high as $160 to $163 so that symbol once again is AMP, potential long with the target of a $160 to $163.
I’m going to be hosting The Insider Trading Summit so that you can learn how to potentially reap huge profits following insider’s that is going to take place Tuesday, September 18th at 7PM EST. Special guest appearance by Mr. Ross Givens so just read on the page here and fill out the information and I will try to open up the room a little bit early because there’s limited availability and GotoWebinar and it’ll max out.
Good luck. Hope it helps. Have a great weekend. And I’ll see you on the next video.
Hubert.
