TRADING TIPS

MAR New Price Targets

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Oh, yes! The volatility of the market. Let’s take a look at Marriott. I’m not a huge fan of this stock.

I don’t trade it a lot but it’s got a nice looking pattern here. Usually I try to avoid stuff that does this because it’s called the box of pain.

It will grind your account to dust but overall it’s got a decent pattern. It acts like it’s going to breakout of this box of pain so let’s talk about how you would do that.

First, you’ve got a move above the cloud. A pullback to the turning line. Didn’t really touch it but then it’s ramping back up.

So this is a very easy pattern to put a fibonacci projection then some people call it an extension. Fibonacci Price Extension lines.

Because all you do is just count to three. In count to three. Click one. Continue to hold or click two and then click three. Three clicks of analysis and now you’ve got a target for this bad boy, $154, $160 and $163.

Now, obviously you’ve got to have a stop-loss. I don’t know you individually, personally everybody on this email list.

You’ve got to pick a stop that you’re okay with. Everybody’s got to be a little different. Someone’s going to be real tight. Someone’s going to be in the middle. Someone’s going to be a little bit loser.

It just depends on your risk profile but the targets that it may hit in the future $154, $160 and $163.

I’ve been asked to speak at the Wealth 365 online event. I’m going to show you how you scan the entire market in about 10 minutes sometimes 12 minutes.

Depends on how fast you are. Usually I can get done in less than 10 minutes with about 3 clicks of your mouse and find some better trades.

I’m going to HYPERLINK you to the registration form.

Good luck. Hope it helps. See you on the next video.

Hubert.

 

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts