Hubert Senters here.
Let’s take a look at REGN breaking out today, gap up, bracket trade. Probably going to go higher. Let’s figure out the target. First, let’s figure out an entry not already in the sucker so let’s expand this so we kind of look at the same thing here. Move it up a little bit and put a couple of horizontal lines here.
One if it takes out today’s high which is around $580-ish. That would be a good potential long for tomorrow. If on the other hand it reverses on this and gets a trade close below $561.21 that would be a decent short.
I would probably say it’s going to go higher so let’s figure out a target from there. Now, you know your potential entry depending on which way it goes and then for target we’re just going to do a simple nice little Fibs.
Sorry, I’m trying to work here. Next targets are going to be. You can read that because you’re better than I am. There’s no way I can read that. Better stuff going on here. Now, I can read it. Next target $601 and then $659.
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Good luck. Hope it helps. See you on the next video.
Hubert.
