Hubert Senters here.
Pretty simple play here, Kohl’s, KSS is in trouble. It’s been in trouble for quite some time now. We’ll just do a brief look back. Let’s just look at a look at the weekly chart so a weekly chart. I mean the end of 2018 beginning of 2019. Not having a great time. It’s been $80. Now, it’s at $47.
I’m pretty sure I can’t guarantee you anything. There’s no guarantees in life and they’re damn sure no guarantees in trading. It’s probably going to go to $43.68. That’s my opinion. And then it’s going to break down $35 on its way to $15 so I think it would make a really good short.
If you’re willing to take the risk on it and if not, not a big deal trades something else. You got a nice little bracket trade here. If you want to do that above potential $50.21 you would get long below the short $49.96 target those lows and then target new lows. I think ultimately it’s probably the stuff that could potentially go out of business.
I’m not saying they are so Kohl’s don’t sue me. But look everything’s electronic these days, everything’s online. I don’t know about you but I do most of my shopping online.
If I’m in a store I’m using Amazon app and taking a picture and I really just don’t want messy stuff. That’s how most people shop. So Kohl’s in a little bit of problem here. Take a look at it as a potential short.
Ron’s going to be doing a special webinar to tell you so you can ‘’See the Top 10 Stocks for the Year-End.’’ This webinar is going to take place Wednesday, November 20th at 7PM EST. I’ll be introducing him for TradeThirsty and then turn him loose and Ron is a solid guy.
I’ve had several dinners with him, several lunches and several drinks. He’s a solid guy. I always love listening to him. He’s got like a hypnotic voice. I always make fun of him. He’s a really good presenter to go over and watch him let me know how you like him.
Good luck. Hope it helps. See you on the next video.