Hubert Senters here.
Let’s do an updated video on NIO which is basically one of Tesla’s competitors. If we compare it directly to Tesla this is NIO.
Let’s take a look at Tesla, TSLA. You could see Tesla is in a little bit better shape than it is. NIO if you are long NIO it’s been a nice little run especially since the 10s and the 20s.
It’s had a high reading of around $57 and now it’s going back in pullback and retracement mode so the turning line cross the standard line.
It is close below the turning and the standard line and is headed towards the cloud so it will probably get at about $30.
And then let’s see where it’s going base upon this bottom move to the top move so yeah, right in here $36 to $31.
And it could potentially go slightly lower than $30 and the $20 so initial target. If you’re going to short it, it would be $36 to $31.
For me, I wouldn’t short it yet. I would wait until it broke the cloud. But if you just got long just a few days ago you might want to re-think that as early as next week.
I’m going to be hosting a special webinar with special guest Steven Brooks next Wednesday, December 16th at 7PM EST How to Generate Weekly Income With Options.
And if you’re struggling with trading or options trading in this case or stocks you’re going to want to watch this webinar.
Steven is an interesting guy. His system is very simple and very effective. I have checked it out. I am impressed by it and I’m sure you will be too so I’ll see you on the webinar.
Good luck. Hope it helps. See you on the next video.
Hubert.
