Hubert Senters here.
Let’s take a look at Expedia, EXPE is the symbol. Doing a nice little stair step pattern here. So this is one of the uglier charts that you’ll see in a while. I mean it’s not terrible.
It’s just ugly in the way it looks as far as the gaps are going. So if you look here you got a gap down situation, consolidation gap. Now, let me zoom in so you can see this you may not be able to see it. I’m doing a crappy job showing you here.
Gap down situation sideways consolidation kept on situation consolidation. This time it actually went up a little bit and then what it do again ‘’boom!’’ Fell right out of bed.
And look you got a gap there too, so Gap down situation consolidation, rose a little bit overhead resistance and now ‘’boom’’ it’s selling off again. ‘’So when’s the next shoe going to drop?’’
When it gaps down, it’s probably going to gap down, past a hundred dollars, so be on the lookout. I would add this to one of the things that I like to short on my shortlist, EXPE.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
