Hubert Senters here.
Let’s take a look at LUMN. Obviously, it’s breaking out about 3 percent. It’s above the cloud. ADX is above the cloud. Everything else looks pretty decent.
Let’s look back a longer timeframe here and see how it’s done in the past. Not having a good year isn’t. It’s not having a good since 2015.
So it’s got a limited upside to potentially $16.69. It’s trading at $15. And initially look good but now it didn’t look great.
So if we’re looking at the most recent area it’s not a bad trade. It’s not just a really good risk reward trade but it does qualify.
You’ve got a nice a little one, two, three to the high side so I’m going to see if I can figure out something out here with this creature.
It kind of lines up with the overall numbers. It’s not a perfect trade set-up but it’s not bad. I would only risk probably around $16.50. Entry here at about at $15.23.
You’re not going to make a ton of money on it. And the stop would be around $14.83 so it’s not a great risk reward ratio. It would have to run more in order for it to be great.
But what are you going to do? The market bet is just going up, it doesn’t go down. It goes sideways and this is a decent trade in a little sideways mumbo jumbo here.
On Thursday June 10th at 8PM. I’m going to show you my secret weapon for finding the best trades set-up for me to take. Scan the markets live in front of you. Let me show you how it’s all done.
That happens Thursday, June 10th at 8PM EST. First name, email address, optional mobile telephone number because I’ll send you a text message to get you to show up.
Good luck. Hope it helps. See you on the next video.