Hubert Senters here.
Let’s take a look at WAT and it is in a nice trendable area. I only call it an area. It’s a nice trending stock. Look at it. It just looks delicious.
And the ADX is good so everything being equal. It should go higher. Now, it would be amazing if trading was that easy and hey, it’s probably going higher and then it goes higher.
Unfortunately, it’s not how this business works. But anyway, let’s take a look at it. You do have a bracket trade set-up here that you might be able to trade and make some money this week on it.
So if trades or closes above $299.12 long. If it trades or closes below $281.87 then I would target a half a gap fill around $275-ish. And then a full gap fill around $269.
Then when you’re dealing on gaps with futures which is different than stocks slightly because just the way they’re set-up.
Usually if you have something that’s in a massive uptrend and trending well in a good mood usually the gap like this it will be a gap and go.
And the other name that we use for a gap fill is called a gap and crap because it gaps up and then it craps out and then goes lower.
So it’s probably going to be a gap and go but there’s no guarantee in this business the same way there are no guarantees in life. You’re speculating folks. It’s risky. So be careful out there.
Trade Thirsty is going to be hosting Andrew Keene and the title of the webinar is Top Optins Hack from Ex-Floor Trader Wednesday, February 3rd at 7PM EST. Here is what is going to be discussing. I will HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
