Hubert Senters here.
Let’s take a look at QRVO as a potential bracket trade next signal. Unfortunately, I’m not going to be able to help you with a target on this one because I don’t have anything to go off of. There’s no past support or resistance and a Fibonacci extension.
It won’t even help me because it’s already surpassed all those. So you’re just going to have to use a good old-fashioned risk reward ratio and a target out there that would mash up with your risk reward ratio. So if you’re going to risk 1 you want to make 3 or you want to make 5 that’s going to have to be your target.
So the bracket on this equity or stock will be a long above $97.63 and a short below $91.44. Now, I can help you with the up target the down targets obviously it’s going to be easy, it’s going to be a target of $80 to close that gap if it does that.
Mark Helweg is doing a special webinar this Sunday, November 3rd. That’s right ladies and gentlemen. Year’s almost over. I know it went fast. Sunday, November 3rd ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction of the Market.’’
I know it seems impossible but believe or not you’re probably terrible at picking direction just like all the rest of us like you. It’s half the battle trying to figure out which way it does go on and then picking the thing that’s going to be the strongest in that direction so go check out the webinar. Let me know how you like it.
Good luck. Have a great weekend. See you on the next video.