TRADING TIPS

TSLA- Is Now a Good Time to Take Profits?

Hubert Senters here. Let’s do an update on Tesla. Obviously, we’ve got some targets here at $537, $565, $594 and $511. Here you get one, two, three of those. The last one it needs to hit is $611. Now, I’m not saying Tesla is about to roll over. But I don’t really like this doji right here so we need to be cautious and pay attention we could get a potential pullback to either the turning line or the standard line. And usually, I don’t like candlesticks I like combinations. They tend to work a little bit better than just single candlestick patterns. So pay attention to Tesla if you are long you might want to walk in some profits and bop up stop to protect yourself. If you’re not long I mean definitely don’t get long up here $596 or $600 you’d be chasing at that point. Speaking of patterns Mark Helweg is going to be doing a special webinar ‘’4 Winning Chart Patterns Every Trader Should Know.’’ It’s going to happen Wednesday, January 29th. That’s right ladies and gentleman the first month is basically in the books at this point. I’m going to HYPERLINK you to this sign up page so you can register for the webinar. Good luck. Hope it helps. See you on the next video. Hubert.

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