TRADING TIPS

FB Next Targets

Hubert Senters here. Let’s take a look at Facebook. Facebook continuing to be in a little bit of a pressure here it is below the cloud. As you can see we’ve got these little brackets here. This is a Average True Range or a compression. So it’s an Average True Range inside of an Average True Range so a compression inside of compression. As you can see this one went up and then this one broke to the downside. This one broke to the downside and now we’re probably going to get a retest since we’re below the cloud back up to $169 and maybe $174 and then roll back, back down below the most recent lows at $160. So be on the lookout for Facebook to rally on the short term and then a little bit longer term probably goes a little bit lower. We do have some support down here so it could go as low as $160, $150 after it bounces a bit so be on the lookout for that. Mark Helweg is going to be having a special webinar on ‘’The Compression Breakout Setup and Strategy.’’ It’s going to happen Wednesday, September 12th at 8PM EST. You can read right here what he’s going to be covering. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

Submit a Comment

Your email address will not be published. Required fields are marked *

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts

Get Reports From The Trenches on What’s Working Now
Twitter Facebook

 

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.