TRADING TIPS

MYL is Not Looking Good

Hubert Senters here. Had a question from a viewer wanted me take a look at MYL. This is a weekly chart. It looks like it’s in trouble. Probably going to go substantially lower and re-visit its most recent low on the weekly chart which is going to go back to about $16.15. That’s not substantially lower. But usually when things drop below $15 they’ll then drop to $10 and then when they go below $7 they go to $5 so just be on the lookout for that. Let me take a look at the daily chart see if it looks any better or worse. Yeah, pretty much the same situation. It’s probably going to break down to $16.50 and then drop down below $15 and then I would say $7 and then below $5 so be careful with it. Looks like it’s got more downside price action in its future. Mark Helweg is doing a special webinar Friday, November the 15th. ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction.’’ It would be tomorrow at noon Friday. Good luck. Hope it helps. See you on the next video. Hubert.

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