#16/23 Double Top Says Huge Fall Awaits Over Next 2 Months - Trying A Trade In NIO

from Trading Tips With Jim Stromberg · host Jim Stromberg

A double top formation has been identified in the chart, indicating that Nasdaq will fall 12.76% over 40 trading days and hit 10.576 points low. However, if the formation is broken up, it will become false, and that, with little resistance above, indicates a strong upturn. What will it be? This week NIO will be added to the portfolio that already holds CVX, NOC, and ZOM. Tune in for this week's trading tips podcast with Jim Stromberg for more information and insights!

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This episode was published on April 17, 2023.

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