The market is filled with “doom and gloom.” You can’t turn on the TV or read your favorite newsletter writer without hearing how bad things already are and how bad they are going to be. But the charts don’t support that poppycock!
Sure, we are in a pullback. And, yes, making money in a market that is in a pullback isn’t as easy as making money when the market is in an uptrend. But it’s not impossible if you know the right stocks and the right patterns.
Learn 5 Ways to Tell a Stock is Headed Up
So, as the bears get louder, I want to help you profit from the facts and not the fear!
Grand Canyon Education (LOPE)
Grand Canyon Education’s (LOPE) chart is following all the rules of a bullish ascending triangle pattern, which is confirmed when the price breaks out of the triangle formation to close above the upper trendline. With the stock recently trading at new all-time highs, we have confirmed the breakout.
My initial target for LOPE is at $25, and my second target is at $29 over the next two to three months.
Now even though the gains from these levels won’t be as large as if you got in when I first recommended LOPE, they’re not too shabby. And, if you use options, you can greatly increase your profit potential. So get long LOPE if you haven’t already, and stay long if you are!
And don’t get depressed about all the negativity you hear in the financial media. If everything is so awful, why are there stocks still breaking out to new highs? And why are patterns still in tact?
Volatility doesn’t mean doom and gloom; it just means opportunity for those that don’t get scared off.
Related Articles:
How to Make Huge Profits From Everyday Market Manipulation
Learn how to tell where Wall Street’s “inside money” is going before traditional stock pickers ever get a clue. This is your chance to earn three years’ worth of profits in the next three months — download your FREE trading guide here.
