NIO has been destroyed by the bears over the last few months. I believe it is time for a short term price rally for the NIO bulls. The CCI has given me a signal to enter the first half of my long position at the current price. Once we see a sign of buying we will scale in the second half on the first pullback in anticipation of further upside. Our first price target is $4.00 which is roughly 50% from the current price levels. Identify your stop-loss according to your risk tolerance and do not hesitate to sell if that level is breached.
Nota
Buyers have stepped in and managed to temporarily push the price up 10%. On the 15 min chart we have completed a bull-cross and have started pulling back. I will now enter the second portion of my position on this pullback in anticipation of further upside.Nota
Current price is $2.53.Nota
Bulls have followed through as anticipated. Bringing the price up to $2.82 at the time of this posting. Our trade is now in a profitable zone. Stop-losses may be placed near break-even as a healthy short term pullback is possible.Nota
My first target at $3 has been hit. I have shaved 25% of my long position at this level. The next target is $3.5.Nota
Price has broken through the previous peak at $3.00. This move greatly increases the probability that we will reach $3.5-$4.Nota
My second target at $3.50 has been hit for a +35% gain. I have locked in some profit on this trade and will add back in after the next consolidation move.Nota
All long positions after $4 target was hit. Currently awaiting a healthy pullback before re-entering.Nota
Entries here are riskier as we have seen a 60% move without any real pullback or consolidations on the 4hr chart.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.