Hubert Senters here.
Let’s take a look at GNRC. Nice little bracket trade that bounced up and clear the cloud. It’s got a little light resistance around $362 but I think it’s going to clear it.
The ADX is a little low. But I think we can get away with that. So we’ve got a potential long above $355.06 with a tight stop-loss that you’re cool with and then a target of $380.
If it breaks or closes below $339 then it will probably trade back down to $330. And that is the trade set-up.
I’m going to be doing a special live webinar Thursday, June 10th at 8PM EST on My Secret Weapon for Finding Better Trades.
If you’re struggling right now in these uncertain times of the markets I’m going to show you how to identify an uptrend, a downtrend and how to avoid slopping chop.
And I’ll also show you how to identify new uptrends and new downtrends so you can potentially maximize your profits. Once again it’s going to take place Thursday, June 10th at 8PM EST.
First name, email address, mobile phone and I’ll aggravate you a little bit and try to get you show up if you give me your mobile phone number.
Good luck. Hope it helps. See you on the next video.