TRADING TIPS

NKLA Target: $7-$10

Hubert Senters here. Let’s take a look at a question I’ve got.  In the webinar last night, you mentioned in a couple of the charts that they were going to go up/down. How were you determining that? For NKLA, you said that it might go down to $10 or even $7.50 Let’s take a look at Nikola. Right now Nikola they’re just all kinds of bad news out for Nikola right now so. But let’s take a look at here NKLA, Nikola so it’s below the cloud so that’s bad. The Parabolic SAR is over head pressure. That’s bad. And the bearish have control of it so when I look at something like this I will look at what has historically happened to other things that may have been hype-ish. And then sell off and then you get bad news hide on top and then CEO living and then trying to quiet people. And you two talking about some of these things that may or may not be happening on and Nikola as far as the company goes. So when it does that I immediately look to the left and go ok, we’re supporting that. Let me clean this chart up. I’ll go to a different chart really quick. I’ll use this one for Nikola really quick so you can see the price action a little cleaner. NKLA, so when I’m looking at that it’s got some support at $18. The next place is going to drop to probably about $10-$12. If something drops to below $10 it tends to for whatever reason go to $7.50 and then $5. And then it will go through the process of potentially being delist. Now, I’m not saying that was going to happen to Nikola. I’ve just seen it happen a lot when bad news starts piling on. If they break the $10 place then it’s like the fairly quickly to $7 and then below $5. So that’s why I was saying that. Hopefully that helps you out. Mark Helweg is going to be doing a special webinar on ”how to Take Super Small Risk and Target Massive Winning Trades.”  Webinar is going to be Wednesday, October 7th at 8PM EST. And I will HYPERLINK you to the registration form. Both Mark and myself are huge fans of taking calculated small risks and then once running a winning trade let it run for a long period of time. I’m sure he’s going to be covering some of those aspects in his webinar. Good luck. Hope it helps. See you on the next video. Hubert.

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