Hubert Senters here.
Let’s take a look at Facebook. Someone over the weekend asked me ‘’how I thought Facebook could go?’’ I said I don’t know you have to let me look at the chart so that’s why I’m doing this video so I can answer that question.
So you can see obviously, it’s making a new high. It’s taken out to $203.65. That’s a strong signal. But all we’re going to do is just figure out where the intermediate target is not an ultimate target because heads up, nobody can do that.
I mean best possible scenario we might be able to predict a short term target but I’m not going be able to tell you like hey, it’s going to go $600. I don’t know that stuff. All we’re doing is doing mathematical ratios. And we’re going to go from this most recent low here to that most recent high. There were a drop in on this most recent low so all I’m doing is what I’m drawn is put these elliptical around here point one, point two and then point three.
And then this will project for me based upon the Fibonacci ratios where they think it can potentially go to. So obviously it said it was going to go to $202.97 winner. So next question is going to go $209.64, $216.30 and then $220 so not too bad.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
