Hubert Senters here.
I’ve been getting a lot of requests to cover cheaper equities so I’m trying to do my best to find some for you.
Now, heads up, anything below $5 or $10 is usually lower volume and is prone to manipulation so you have to be careful.
In other words, don’t risk much. Never trade more than you can afford to lose. Heads up, trading is hard and not everybody can do it.
Let’s take a look at here at BNGO, BioNano Genomics. We’ve talked about this before. You’ve got a nice little ambush trade that has set-up here and it will probably go north of $12.
Right now, it’s at $6.95 so it can potentially double within the next 30 to 60 days. So here’s what you’re looking at.
You’re looking at a move from here to here. One. Two. And then all you’re doing is you’re going point one, point two.
And then you can see how this pulls back here to a perfect ambush. The only problem is it’s very hard to pull a trigger on a $7 stop that pulls back down to $390 because you’re like I’m not the one who did that.
But if you time it really well with both the turning line and the standard line there now, you’ve got a touch in here and you’ve got a little slingshot trade so.
Up here you’re paying a little bit more as opposed to paying for like $4.22. You’re paying $5.93 but it’s a safer trade in my opinion because you got the momentum with you.
In this case scenario, I’m going to do another target with this. We go from the low to the high to the higher low so here you go.
I think it will do this within the next three months. It’s a smaller stock. It’s cheaper. It might be able to grow your account. So next targets will be obviously $8, $11, $13.10 and $14.68.
I’ve been asked to speak at the Wealth 365 online even trade, invest and succeed is their tagline.
If you don’t know how to recognize new trends either if this trend is almost over and it’s about to pullback and that pullback could be just a regular pullback or it could be something substantial where we get a big pullback.
Or if in like commodities like they’ve been growing like crazy trend wise. It’s very important for you to be able to identify new trend and when a trend is running out of gas and that’s what I’m going to teach you over there so I will HYPERLINK you to the registration form.
Good luck. Hope it helps. See you on the next video.
Hubert.
