Hubert Senters here.
Let’s take a look at a strategy that works all out of different markets. And it is one of the ways that I like to look at the markets to pick up discounts either on the high side or the low side.
So let me show you what I mean. This is just Peloton, PTON on a monthly chart so this is going to be a simple five version I could teach a whole class on this one.
I’m just going to be very simple with it today. From the beginning of the buying to the end of the buying so I’m going to draw a fib from this monthly chart from here to there.
You had a pullback and you want to buy that zone. I call it ambush zone. At the $50 or the $61.8. The range will be $98.40 to $81.26 and you’re going that’s great.
You should have told this back then. Let’s forward to the actual present day. Now, here’s what you can look at is it’s getting ready to bounce into the same zone.
Now, what I’m going to do is I’m going to take a fib from the high most recent high down to this low. And you can see that acts as a target once it gets above the cloud.
Now, if it choose through the $61.8 at $136. It’s going to go potentially to $171.
Troy Noonan is going to be doing a special live webinar Tuesday at 4:30PM EST. Finding the Sweet Spots Trading Two Super Hot Markets. He’s going to talk about. Here are his subjects that he’s going to cover.
I’m going to HYPERLINK you to this registration. If you’ve never seen Troy do a webinar it’s solid. It’s interesting. It’s entertaining and I think you’re going to like it.
I’m going to HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
