Hubert Senters here.
Let’s look at Comcast. Got a really long ticker symbol. And it’s confusing. CMCSA. That’s Comcast. So it’s setting up to do a potential slingshot.
A slingshot trade is just where it’s trading above the cloud. The yellow line. The purple line. It works its way below the turning and the standard line the purple or the yellow.
And then it closes back above both of those so it’s still above the cloud which is good and then it pulls back below the turning, the yellow, the standard, the purple and then it works its way back above the turning, the yellow and then the standard line the purple.
So if it can get above next week $55.53 it will probably go to $58 and then it could potentially go higher so that’s what I’m looking for.
Now, I can also figure out a potential target by going like this right here and get a decent accurate projection of $58, $62, $66, $69.
Now, that won’t do that by next week. That’s going to take several weeks or maybe several months to do that but that is what I am looking for.
I’ve been asked to speak at the Wealth 365 online event and I’m going to be discussing the very thing that we just talked about how to find better trades in as little as three clicks of a mouse and you can find really great longs and really great shorts.
And I’m going to show you how to filter out and pick the best ones that meet your criteria. I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. Have a great weekend. See you on the next video.
Hubert.
