Hubert Senters here. Let’s take a look at MGM. I like the pattern. I like it when it goes like this low, high, higher low then low, high, higher low. So let’s pretend we’re not long this thing. Let’s pretend we’re wanting to get long with that and we would do a risk risk reward ratio and say from this low to this high to this low. Now, if you look at the turning line it’s at $37.01. It’s not bad. You could either go to the low of the bar around. We got a low of $37.27. Or you could use the turning line at $37.01. If that’s your risk the way I look at it is if you went long right here at $39.64 whichever stop you’re going to use that’s your risk, that’s your block of risk. Then you always want to go for at least six a multiple of your risk. Let’s say we’re going to risk one to make three. The way I look at that is it goes right here. That’s your entry. And then your target would have to be a multiple of that so that would be about one. This would be about two. I’m just eyeballing this but you get the same and then this would be three. So you want to risk one to potentially make three trade would be as follows. Entry at $39.59. Stop around $37.27 or $37. Your target would be in the area of about $46. Mark Helweg is doing a special webinar in about 3 hours from the recording of this video. If you can do reverse math that means I’m doing this video at 4:50 PM on East Coast. He’s going to be discussing ”Why This Hedge Fund Manager is Telling Friends and Family to Exit Stocks.” If you want to learn why register for the webinar and then show up tonight at 8PM EST. Good luck. Hope it helps. See you on the next video. Hubert.