Hubert Senters here.
Let’s take a look at XLNX. Pronounce it Xilinx. Don’t hold me to that. But it is under pressure today. It is down currently at the recording of this video which is about 12:45 in the afternoon on Friday. It’s got a little pressure to it. It does have a little support down here but it’s probably going to get a little pressure next week too.
So optimistic target would be in the area of $97.79 and then if it can break that then it could potentially keep on falling. It’s got a zone then after that it gets interesting. We’ll lump this one in with that one and then we’ll split the hairs here so $97.79 and then a target of $87.41. Obviously, this depends on how the market goes.
If the market bounces out of here and scream tire this thing will be taken in that direction. I don’t think it’s going to do that though. It’s acting a little weak so there is a potential trade for next week XLNX on the short side with a target of $97 to $87.
Mark Helweg is going to be doing a special webinar on ‘’How to Crack the Code of the Market Wizards for Potentially Huge Gains with Limited Risk.’’ It is going to be Monday, August 12th at 8PM EST. I’ll HYPERLINK you to this registration form. Click this big yellow button there to register for the webinar.
Good luck. Hope it helps. See you on the next video.