TRADING TIPS

NIO Price Target and Pullback Risk

Hubert Senters here. Let’s take a look at a potential pullback here, NIO. So if you don’t know about NIO best competitor to Tesla. But Tesla is pretty tough to competition. I’m just looking at the technical. So anytime you see something. You can see that our target has been met on this at $51.02. I still think it’s going to go to $55.91 and $58.94. But I want to make you aware of the potential risk and maybe you’ll tighten your stop a little bit. Nothing go straight up. Nothing go straight down. And you have to remember I think Tesla’s been for 15 years. So if you’ve look at this what you’re going to look at is from — not the dead lows but right above here where it jumped above the cloud. It could potentially pullback to definitely $37.69. So it’s already touch the turning line. It could touch the standard line. It’s done it before at $37.69. And then after that if that does not hold it could potentially go to $28 and even $22 so as vertical as this thing looks ladies and gentlemen people starts taking profits. Sometimes people will get scared and jump off like a sink in ship like rats. And it will cause a bunch more selling so just be careful. Tighten up your stops. Protect yourself at all times. This trading thing is dangerous and you got to protect yourself at all times. Mark Helweg is doing a special webinar Saturday, November 14th at 11AM EST on ”The Simple Way to Trade These Complex Market Conditions.” I’m going to HYPERLINK you to the registration page. Good luck. Hope it helps. See you on the next video. Hubert.

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