Hubert Senters here.
We were talking earlier this morning about a couple of stocks and I figured I would follow over the conversation in one of tonight’s free video.
And it was Tesla versus Nio so if you don’t know Tesla is EB company in United States And Nio, NIO if you don’t know is an electric vehicle in China.
Now, heads up they probably buy slightly different rules than we do not as transparent and as the government has our hands and everything over.
I’m not saying it’s a good thing. I’m not saying it’s a bad thing. It’s different than the way we do things.
They are trading or on exchange you just have to be careful with the numbers they gave you. They may or may not as accurate as American company.
But also heads up American companies can fudge their numbers from time to time too so we’re just going to focus on the technicals of the chart and not worry about it if it’s evil China versus the white horse Americans.
Which I don’t look at it that way anyway. It’s something that’s trading on exchange. Let’s see technically if it makes sense if it’s going higher.
So if we look at Tesla, Tesla looks good. And one thing that we’re looking at here is can Nio potentially have the stellar run that Tesla had.
Now, I don’t think it will but it still got the ability to give you a double, a triple or maybe even a home run trade.
The reason I say because you got Eon which is an executer. It takes a $1 salary and the rest of his salary is tide to it that stock is going up so you’re going to make sure it’s executing.
Where this you got more cooks in the kitchen per say. So overall though technically it is a decent buy right now. It’s right on the close of training. It’s at $19.30 so it’s close enough to $20.
It had a major uptrend here. It pulled back. It touch the cloud close above the turning line and the standard line and now it’s trying to attck this high.
So I think it will go higher. Let me give you a couple of targets here in the near turn if you want to take some profits if you did this trade later this week or next week.
Very simple calculation. One. Two. Three. I would say the next near term targets on this thing if you’ve got in that $53 it would be $57 to $59.
Now, if you need a longer term one we would do longer term with Fibs on that and we’ve looked about where it’s going to go.
And what you could do is you do like one, two, three right there. That will give us a little bit longer term look. One. Two. Three.
Now, if you’re looking for a triple or a home run then you’re talking a double here at least would be around $97. And it could potentially do that.
Now, which one do you think in 12 months time is going to have the biggest percentage change, Tesla or Nio?
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Good luck. Hope it helps. See you on the next video.
Hubert.
