Hubert Senters here.
Let’s take a look at PFE, Pfizer. Obviously, it is definitely going lower in my opinion. It just keeps on picking up theme to the downside, it’s a real look back in the past, a little bit on a monthly chart see if we can figure out any area of bounce-age. I know not a real word. But we’re going to go with it.
It could potentially bounce here but it’s not doing so we’re going down to the next level which is in this area of $32 to $28 so from $32 down to $28 is going to be our initial target on this thing. It doesn’t look good for it overall on a monthly.
It’s got a massive uptrend. But the daily it’s chipping away at some of those massive uptrend gains. So I’m going to say $38 to $22 the next target on Pfizer. Add it to your short list of things obviously that we think is going lower. Right.
Mark Helweg is going to be doing a special webinar. I’m going to lead you over to this pages tonight August 12th at 8PM EST ‘’How to Crack the Code of the Market Wizards for Potentially Huge Gains with Limited Risk.’’ That is the key right there limited risk is going to show you a cool indicator that it will calculate a very small risk and then potentially give you a larger reward on that side of things.
And heads up if you’re interested in trading you’re probably never going to be more right than your wrong. You’re almost always going to be more wrong than you are right. If you don’t have your risk reward ratios dial in you just know you’re just not going to like this business. It is going to be tough.
Good luck helps. See you on the next video.