We are always looking to get behind the trade and see how it was spotted and how it set up. A few weeks ago, Keith Harwood jumped on a quick video chat with us and walked us through a move he saw setting up. What really caught his eye was that the risk vs reward on the set up played out at about 10-1 to the reward side. Check out the clip where he walked us through it here.
Sure enough it played out as expected and SMH shot up about 10%. Take a look at where Keith pointed it out to us and where is now on the chart below:
It wasn’t easy to spot that potential move until Keith explained how using the right tools made it a no brainer. Semi Conductors could have easily turned down at that point but when you lined up the right indicators, as Keith pointed out, it showed the risk of a drop was greatly outweighed by the potential move up.
This is a great example of the approach he reveals in his Outlier Roadmap. Simply looking past just the price to see the confirming factors can expose trades many other miss.
Grab his guide now and check out the other amazing tips he shares.
Keep learning and trade wisely,
Market Wealth Daily