Hubert Senters here.
Let’s take a look at SNA. Believe it or not Snap-On Tools Inc. I believe. So the ADX is a little low but it’s not terrible. It’s at $17.61 and you can see. Let’s zoom here and show you what I’m looking for here. I’m looking for at the stop going down on this bottom chart here this ADX.
You can see where it’s bottom then it’s headed back up. So it’s $17.61 but it’s headed towards $20 so that’s not too bad. It’s above the cloud for two days. And it’s above the turning and the standard line. So then what I would do is go back here shrink some stuff down. I take a look at the little most recent highs.
And we have here’s then one, two, three little triple top here. There’s one. There’s two. There’s three. We have taken that out with price action but we have not close above that. If we can get a close above that then Snap-On could potentially march a little higher and it could potentially do this little move right here. It could do the one, the two and the three. It could potentially go to $165, $173 and $178.
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Good luck. Hope it helps. See you on the next video.
Hubert.
