Hubert Senters here.
Let’s take a look at Fang, FANG. I’m not talking about Facebook, Amazon, Netflix and Google. It’s an actual stock.
So this is a nice a little example of a touch and go. Touch and go works like this. Above the cloud above the turning line and the standard line which is the yellow and the purple.
Pulls back to the first one which is called the turning line touches it and then takes off. You can call it a touch and take off or a kiss and go or touch and go whatever you want.
That is the trade set-up that I like to follow a lot. Let’s take a look at a potential target for next week’s action.
I’m going to go to most recent low most recent high and then most recent higher low. Targets in the area for next week $64, $68, $72 and $75.
Serge Berger from the Steady Trader is doing a special webinar on how to potentially max your profit with options. Simple blueprint to identify the best trades. That’s Wednesday, January 27th at noon East Coast Time.
Good luck. Hope it helps. See you on the next video.
Hubert.
