Hubert Senters here.
Got a question from Michael.
Hubert,
I’m looking at GM [1-15-21 @ 1pm] and if I look at the Ichimoku chart, the pattern trend is going up. My question is do I only need to do a Fib on this just to know how high GM might go? Elsewise, I can just take the data trend position off the chart to determine whether to buy or not – correct?
I don’t totally understand your question but I’m going to put up a chart of GM here. And I’m doing this video on Friday 1:15 but you’re probably viewing it on Saturday because that’s when I send it out.
Everything looks good. So on this situation there’s a couple of different ways. There’s only one way for that one. I just want to look at older charts to see if there’s any higher than that.
Not a while. So here’s what I would do. I would say yes on a daily chart. This thing is going higher. It’s above the turning, the standard and turning line are right on top of each other that’s why you can’t see them.
They’re both right there on top of each other. And it’s above the cloud. It’s trending so what I would do is I would just do your Fibonacci to give you some targets.
And I would go this low. That high. And this series of lows right here. And it will just give you a little bit more of information to take a better target on.
Let me see that really quick here. Let me go right here. Low. High. Higher low. So potential targets $53, $58 and $61.
Michael, I hope that answers your question. That’s how I would do it. If you need more follow-up on your answer to your question just send them back in the support and I’ll get them in.
I’ve been invited to speak at the Wealth 365 event so I’m going to HYPERLINK you to the registration page. I will be discussing and sharing with you ”How to Find New Trend Trades in Two Simple Steps.”
Look if you missed the Zooms and the Teslas of the world in 2020 the market is going to be substantially different in 2021. It could be bad. It could be good. It just all depends.
If you don’t have this information and you don’t know how to act upon it you could lose out so that’s what I’m going to share with you over there on the webinar.
Good luck. Hope it helps. See you on the next video.
