Hubert Senters here.

Let’s take a look at Dollar Tree. Dollar Tree has had a nice little gap down situation. A bracket trade, pushing lower.

And now it’s going to bounce which is normal for selloffs. So that will give you the potential opportunity to do an ambush trade.

An ambush trade is a very simple trade set-up. All you’re doing is you’re letting something if it’s running away from you pullback 50 percent.

If something is running away from you to the down side let it bounce up or retrace 50 percent. So in this area if it’s a normal healthy stock it will usually selloff retrace 50 percent and then push lower.

If it can’t retrace to at least $93.84 it’s weaker than you think it is and it will come potentially collapse overtime so that is what you’re looking for over the next several days.

If it can get to $93.84 and $94.82 without going above that and then it rolls back over and then your short it either going back to the zone or coming out of that zone and your first target will be this most recent low around $89.67.

And then after that obviously we’ve done a technical analysis on this video before. And then you could potentially get much lower price targets.

Let me go to the weekly so you could hit a target of around $84 and then about I would say $73.

Good luck. Hope it helps. See you on the next video.

Hubert.