Hubert Senters here.
Let’s take a look at Google, GOOGL. It’s just now starting to trend again. It’s been let me walk you through how I look at this stuff. So you see where the red line is below the green line. It usually means I need to be careful either direction because it’s not the most trending environment in the world.
And then it’s called an ADX, Average Directional Movement Index, ADX below $20 is a sketchy above warning you’re going to go either direction. They won’t tell you the direction or just tell you like hey, the strength of this current trend is probably going to treat you okay. So in this situation, now you can see it’s just now starting to break above $20.
So now would be a decent time for me to look at Google on the long side and potentially target this overhead resistance area right here in the area of. Let me do a little bit better job of that. Well, look I have lost my mind here. Let me see. Here we go. Grab it right here. Let me resize this. Having all kinds of problems. My little mouse is a little bit too sensitive.
So $12.67 entry around $12.04 stop- loss of around $11.68 and target will be in the area of $12.65 to $12.67. I’m going to be doing one of my final webinars on proper use of risk reward ratios, how to make $6,281.25 in 10 days without risking more than $312.50. Webinar will be Wednesday, March 20th at 8PM EST.
Good luck. Hope it helps. Click that big YELLOW BUTTON. And I’ll see you on the next video.