Hubert Senters here.
Let’s take a look at Amazon, AMZN. We’re going try to figure out where it’s going to go next. Obviously, it’s making new highs. It’s up 40 bucks up 2.3 three percent, move frames up so let’s take a look. What we’re going to do is we’re going to draw Fibs on here.
And we’re going to do it in this fashion. We’re going to pick this low, this high and that low. And then the projection tool will tell us up in here where our next targets are going to be so I’m going to grab the Fibonacci and then TradeStation. It’s called Fibonacci Price Extension Lines.
Years may be slightly different depending on what platform you go to so I’m going to go from this low, click one, drag and appear to click two and then click three. So obviously, I thought it was going to hit $1769 and it did it. Next target $1845, $1920 and $1967 those will be the next potential targets for Amazon.
I’ve been asked to speak at the next Wealth365 event which is happening July 16th to July 21st. I’m speaking Monday at 7PM EST. They have a bunch of other good speakers. If you are interested in registering and showing up they’re going to have a lot of speakers, lot of subjects and I think they’d be given away $200,000 and prizes too so you might get lucky. CLICK REGISTER FOR FREE right there and that’ll register you for it.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
