TRADING TIPS

NOV Bracket Trade

Hubert Senters here. Let’s take a look at NOV for potential bracket trade on Monday so it obviously gap up. So simple bracket parameters are very easy to follow. A trade or a close below $16.05 will be a potential short. And then a trade or a close above $17.42 would be a potential long. Let’s just see what these things done back in history here. Oh, it’s got a buy weekly signal too. I like that. A weekly buy signal you can see what happens on weekly sell signal. It drop from $35 all the way to $8. So I mean we could get a potential about a 50 percent retracement from this high to that low. It could go to about $28.65. Obviously you want to use a stop loss and you need to make sure it fits your parameters. Johnny Seville is doing a special webinar on How to Predict Explosive Moves by Following Insiders. Wednesday, March 9th at 8:15 PM EST. Hubert.

1 Comment

  1. Stuart Sugden
    Stuart Sugden on March 6, 2021 at 11:02 pm

    Interesting chart. Most down in last 5 years. Earnings mostly down too. Going up now on short term momentum but earnings still not good. Momentum is wrong for a sell but earnings too bad for a buy. I wouldn’t touch it.

    Reply

Submit a Comment

Your email address will not be published.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

Share:

Facebook
Twitter
LinkedIn
On Key

Related Posts

Get Reports From The Trenches on What’s Working Now
Twitter Facebook

 

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.