Hubert Senters here.
Let’s take a look at a trade that I wouldn’t take. Although it looks like a decent signal. Sometimes these are the most important trades to learn how to do.
The ones that don’t look right and to not take them. So you can see you’ve got one day above the cloud here. It’s usually an aggressive buy signal. It’s not a bad buy signal.
I would wait two more days to confirm that. But you see where the ADX right here is below $20. It’s at $14.46. In the grand scheme of things it’s not terrible.
When we blow up the indicator you can see that it stopped going down and it’s hooking higher and it’s trying to get its way towards $20.
I would just rather $18 going towards $20 versus $14 going towards $20 but that’s one of the main reasons that I wouldn’t take this trade.
Also it’s kind of volatile because it’s really up because Johnson & Johnson blood cutting thing and then Moderna comes with the press release saying that their 90 percent effective after the second dose after 6 months.
So it’s almost like a cancer drug. I won’t mean to make lot of any cancer drug but a lot of cancer drugs come out and they’ll pass phase 1, phase 2, phase 3 they end up failing and the stocks will pop and they’ll go implode on themselves.
So anytime, you’re dealing with medical stuff that have to go through trials and it can have bad news or good news associated with them.
They’re going to be a lot less predictable in nature so you have to be careful. So even though this is a decent buy signal I would stay away from it and I would trade something like Tesla, TSLA.
It’s volatile too but it’s a little bit more predictable in the way that it trades and really all you have to do is worry about you know Elon saying something bad on Twitter and something like that.
But it’s not as bad as the overall story of Moderna and Pfizer and Johnson & Johnson. You just have to be careful with that type of stuff. Anyway, I hope that helps you.
I’m going to be doing a live webinar on how to potentially make a $1,000 or more risking only $156.25. It will be Wednesday, April 14th at 8PM EST. I’m going to HYPERLINK you to the registration form.
Click that orange button right there that tells you to reserve your spot. First name, email and if you want me to either call you or text you an hour or 15 minutes before the webinar to remind you.
If you’re anything like me if you sign up for stuff and you just forget then give me your telephone number there and I’ll do that.
Good luck. Hope it helps. See you on the next video.
Hubert.
