TRADING TIPS

PHM Gap Down Trade and Lower Price Target

1 Comment

  1. fred g
    fred g on September 9, 2021 at 5:02 pm

    Do you use Ichimoku Cloud for day trading?? I use a two minute chart, 6 day EMA and a 12 day EMA, along with Parabolic Sar and Pivot Points. Also have Slow Stochastics as my indicator. I have made a lot of money following your daily charts presentations. I can’t thank you enough for you assistance. You are the best of presenters.

    Thanks,

    Fred G

    Reply

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Hubert Senters here.

Let’s take a look at PHM. It is about to drop more in my opinion. It had a gap down situation.

And it’s got an inverted hammer. It looks like a hammer or forced hammer upside down basically.

Now, it could still potentially go up. I don’t think it’s going to but it could so let’s play it by the rules as clinically as we can.

Above $50.85 would be a long. Below $49.51 would be a short. I think it’s going to break that and go to a target of $45.26.

I have been asked to speak at the Wealth 365 online event. I’m giving you a heads up because sometimes they fill up over there because they have a very large online event from time to time.

That title it says How To Find Three Powerful Trading Setups With Only 3 Clicks Of Your Mouse. I may or may not change that title because we’re a little out on this one but I just want to give you a heads up.

Register early and often. First name, email, optional telephone number.

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

Hubert.

 

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