TRADING TIPS

SWKS Slingshot With Price Targets

Hubert Senters here. Let’s take a look at Skyworks Solutions. Nice little slingshot trade. So here’s kind of the rule set-up for slingshot trade. Number one you want to be above the cloud on trending. Pullback to the turning line which is the yellow line. Not holding very well. And then come down and touch the purple line which is the standard line and then close back above the turning line. So pullback to the purple, close above the yellow and slingshot yourself to potential further profit. Let’s figure out a target on this bad boy. What we’re going to do we’re going to go point one, point two and then point three. Targets $167, $178, $189 and $196. Good luck. Hope it helps. See you on the next video. Hubert.

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