Hubert Senters here.
Let’s cover a couple of different stocks. This is coming from a viewer. He’s actually a member but I ran out of time putting in a member video so I’m going to let you guys see what a question from a member. Let’s talk and how I answer those sometimes. So here we go. He’s got a question on BCO that means Brinks Corporation or company and ICPT.
So let me see who’s Harvey. This is for you my friend. So this is just a straight up sell for me regardless of what value proposition you’re looking at here. For me, when it’s below the cloud you’ve got one, two three, four, five, six that I count them.
Let me count them again because I’m dyslexic. One, two, three, four, five, six. Yes. six day sell. So the next target for this in my opinion will probably go down to $69. Now, remember all boats will rise with the tide and fall with the tide.
If the market rolls over this is going to get even more to the downside if the market decides to go back up they will pull brings up. So let’s look at the longer term aspects of this bad boy. Let’s look at the weekly, so weekly it doesn’t look too bad right.
So it’s probably got some decent support down here in this area of $63 to about $67.63. So it’s got a little and I don’t see any support there other than just the old cloud there. Could it retrace a little bit more? Maybe. Let’s do that math real quick and see if we can find where to place these fibs at and see where it may on just a normal pullback should get 50 percent and then take back after the high side so.
It’s like two different zones or it’s probably going to drift down to $67 to $63 and $57 to $49 based upon the daily. It’s in a little bit of trouble and it probably gets to that $67 to $63 area. It will have to break that $69.06 area and then you have ICPT. That’s a tough one for me to spell. This one looks fine.
Looks a little sideways but overall it is above the cloud. ADX is a little low. It’s holding the cloud. Not bad. Looks good. As long as it holds $60- ish or I would say a $63-ish. As long as it doesn’t breach that cloud you should be good to go. Now, let’s do this one in reverse. Let’s go over here and go from the top side from high teak here down to the low teak.
This one is probably going the opposite direction so probably can go higher and target on it would be $93 so not too bad. So you got one short, if you’re short, it’s working. If you’re not make sure you got stop-loss. And if you’re long here on ICPT which I assume you are my target would be in the area of $93.
Now, one to see if it can get back through $73. It most definitely is going to try hard to get to $70 or $93. Sorry. I can’t talk. But there you go, Harvey. Those are two stocks. Hope that helps.
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Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
