Hubert Senters here.
Let’s take a look at an ugly chart. So when you start seeing stuff like this it signs a disease in my opinion so you got a gap down and then you got another gap down.
And it retraces and then you’d get know it gap down. I don’t think it’s going to end well for this stock. It’s got some crazy behavior.
My best guess would be it’s going to take out $68 and then drop lower to probably. It’s not going to hold that support aqll the way back down here to like $60-ish.
So if you are long NTES you might want to re-think that or at least bump up your stop and it looks to me like it’s going to be a decent short.
It’s a wild little ride though because it’s got crazy chart action personalities so be careful with that stuff.
I’m going to be having a special webinar Wednesday, August 4th at 7PM EST on The Mother Of All Bubbles.
Now, I was fortune enough to warn a lot of people about covid like hey, this stuff is getting really bad, it’s going to down.
And the indicators that I use warn us to that and then also it warn us like hey, we’re potentially going to bounce out here.
So I’m going to show you exactly how I did it. It’s done with two or three very simple indicators.
It’s not hard. It’s not complicated. Very easy to see and then you just have willing to pull the trigger on a few of these trades.
And you can potentially make a lot of money to the down side when things roll over. Now, I don’t know about you but lately the stock markets been a little crazy.
It’s not like it was the first part of the year where you can just buy anything and go up. Now, you have to actually be a little bit more picky.
So we’re going through a criteria to let you know when the market is about to roll over and what you can do about it.
In order to register for the webinar fill out the form there and hit some of it.
Good luck. Hope it helps. See you on the next video.
Hubert.
