Hubert Senters here.
Let’s take a look at DXCM. Nice little re-buy signal today on the above the cloud obviously back in here back in March had a nice little run and then it had a decent little sell off here slightly below the turning line and then close below the standard line.
And then today, it’s back above both the turning line and the standard line that has a re-purchase or re-buy area with a target. Oh, let’s see, if we can figure out a target here for us.
And if you’re in the fundamentals this company makes diabetes monitoring devices and stuff that you don’t like stick on you only goes inside you, you know, textured glucose and stuff like that and how much diabetes we have in America should be a no brainer here in front of me like I’m not a fan of fundamental but that’s the underlying story.
So what we’re going to do is we’re going to grab a Fibonacci from point one and we’re going to go point two with these highs. These are all the same highs so I’m going to mark this one, two and then three. So next target is going to be a real close one $99.68. So it’s already it trading at $98.45 so not much movement there. And then after that $105, $110 and $114.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
