HubSpot (HUBS)
By Wed, Aug 26, 2020
Hey there,
We’re all about HubSpot (HUBS) for today’s chart of the week.
There’s a lot to love here with HUBS.
Take a look at this chart.
HubSpot is breaking out on both a relative and absolute basis!.
It hit its first price target at $280 before consolidating nicely.
Now it’s ready for the next leg higher coming out of a phenomenal base.
As long as HUBS is above $280, we are long with a price target up near $400.
That’s 120 points of upside so long as we’re above 280 coming out of a beautiful base.
If you’re looking for more actionable trade ideas, make sure to join us for a free Charting Room session tomorrow evening at 8PM (EST) / 5PM (PST).
See you then!
JC Parets
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About the Author
JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.
