Hubert Senters here.
Let’s take a look at Boeing. We have a pending potential break out. Now, when you have something like this happen it is very important that you be very patient and let the trade happen. Do not aggressively pursue that trade also known as ‘’chasing’’ because you will become like all dogs that chase cars. And if you’ve never seen a dog with three legs that’s why I don’t stop.
So you know you’ve got this little consolidation area and we’ve had it here for a while so you can see it went all the way back to the beginning of 2018, up, down, up, down, up, down, up, down and now break a play, pull back, touch the turning line and break away to the high side. So it looks clean, right.
Now, let’s be a little bit more accurate with it here and we’re going to use a horizontal line and say if it can’t close above $374.40 and by a pretty good measure like not just a couple of ticks I mean it needs to get up there then we can start trading Boeing on the high side or the long side.
So pay attention to it does look like it’s potentially going to go higher. It could be, you know, in the $400 range over the next few months it could get there. It’s definitely possible with the pullback here and the push up there. That’s doable in the next couple months. So it would be from, you know, $374-ish up to $400 to 25 point move. It’s not a bad move. It will close above $374.40.
I’m going to be speaking at the Wealth365 event where we are going to be talking about how to find new trend trades either new longs or new shorts. All you have to do is put your first name in here, your e-mail address and if you’re using a cell phone there for reminders you can do that too. CLAIM YOUR FREE SEAT NOW. Just click that.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
