TRADING TIPS

ROST is About to Melt Lower Again

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Hubert Senters here.

Let’s take a look at ROST, Ross Stores. It is selling off a lot today. It’s one of the biggest percentage gainers on the Nas and will probably continue to get smoked to the down side.

It’s got a little bit of support that it might bounce on. I think it’s going to hold though.

And the zone is going to be $107 to $102. If $102 breaks it’s got a better than average shot ofj ust melting and doing half a gap fill to $99 and then a full gap fill around the area of $95.

Right now I think it’s good enough to short right now as it is. I would wait for a small little bounce like a little dead cat bounce on Friday or maybe Monday and then hold it for a target of $95.

I’m going to be speaking at the Wealth 365 online event. I’m going to do two different talks. One what’s working right now for me, what’s working in the markets in general and then how to scan for better trades and how I find this stuff.

I’m going to HYPERLINK you to the registration page.

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

Hubert.

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