Hubert Senters here.
Let’s take a look at a bracket trade. But heads up, it can only go to zero so the risk reward on this one may not be great but it does look like it’s still in trouble. MYLN is one the biggest net losers today. It is also one of the bracket trade nominees for today because it did gap down. So a trade above $26.95 would be a long.
A trade below $21.51 will be a short. Now, I wouldn’t short this thing at the dead low a $21 stop that was a $27 stop before today. It doesn’t make a whole lot of sense to short it down here. What it usually do is it will trade sideways or retrace about 50 percent and then it’ll be a breakthrough. That would be more the style and approach that I would take with this one.
Usually brackets they’re not already smoked to the downside this one may be a little charcoal briquette little welding for some folks so be careful with them. I’ll be doing a special webinar tonight on ‘’How I made $6,281.25 in 10 days only risking about $312.50. I will HYPERLINK you to that registration page.
Good luck. Hope it helps. And I will see you on the next video.
Hubert.
