Hubert Senters here.
Let’s take a look at GILD. GILD does not look like it’s going to hold to me. It could potentially break as early as today or first thing Monday. It had a nice little selloff yesterday with the rest of the market obviously.
And now, you’ve got this little support. I can see four. Anytime you see. That’s fourth or resistance area being tested at anytime eventually it will break. It won’t do it forever. If it breaks this area of $72-ish. Down here at $72 all the way up to almost $73.
So $72-ish if it breaks $72-ish then it should do a stairstep and go $69, $66 and then $62. Take a look at GILD to the down side. Now, it is ia vial tech so they come out with something new for the Covid-19.
It will sky rocket higher so you have to be careful so I wouldn’t short it over the weekend. But I would cover it by the end of the day and then look to re-establish first thing Monday.
If you’re anything like most people you’d probably think that the market moves lately are kind of crazy. A little bit too extreme that’s because ever since the Covid-19 pandemic markets been volatile. Really volatile.
Mark’s got a special strategy on ‘How to Potentially Profit from Huge Market Moves’ Without Predicting the Direction. He’s doing it today at noon EST, Friday June 12th. I will HYPERLINK you to the registration form.
Good luck. Hope it helps. See you on the next video.
Hubert.
