TRADING TIPS

NI Breakdown Trade

Hubert Senters here. Let’s take a look at NiSource. The symbol is NI. Had a nice little break down here. I did a scan for today. And as you can see it’s got a big gap associated with it. It’s down $3 or $20 equity or stock that is a pretty good move as you can see. Little cheat in here just down 11 percent. So how do you trade this bad boy? So when you look at this any time it jumps and goes straight below the cloud like this then what I want to do is look back in time. Let me change the color of this thing. It’s just so negative. We want to be positive about it. White on a background like old school chalkboard so what I do is I look at an area of support and resistance. I know this is a known resistance and then this looks like it’s known support. So I was going to trade this going into next week I’ll go okay, bracket trade that bad boy right there. If it breaks this most recent low I’ll figure out what that number is in just a second then my initial target right here I’m going to make this a little magnet. I’m going to see if it will pull it down from $24.98 and attract it down here to the area of $23 even right here or $23.50 right here so that’s what I would be looking for in this type of trade. Now if it goes higher all bets are off, right so that’s why you stop. I’m going to be hosting The Insider Trading Summit Tuesday, September 18th at 7PM so that you can discover ‘’How You Can Potentially Reap Huge Profits Following Insider’s Trades. That webinar will be Tuesday, September 18th at 7PM EST. It will be myself and Ross Givens. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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