NIO - ready for another leg higher

18 set 2020

LOVE what I'm seeing right now in NIO. I have a position.

Important we see continued relative strength in the stock. Imminent breakout if so IMO.

Could buy at the breakout above 21 and/or in the purple box:


I am long and will add in the purple box as well as the breakout

18 set 2020

Nota

Another layer filled at 19.10. My next buy layer is at 18.80. The rest will be on a breakout if it happens

21 set 2020

Trade chiuso: stop raggiunto

Potentially breaking down with the market. I got stopped

22 set 2020

Trade attivo

Bought back 18.50, my original cost. A bit chopped but that's part of the game if stops aren't wide enough, which mine were not. Stop is now below yesterday's low

29 set 2020

Nota

Still very bullish on NIO:

29 set 2020

Nota

1hr Breakout:

I expect resistance at 20.50. I added at 19.40

29 set 2020

Nota

NIO just crossed 20.50 and approaching its next resistance where I think price will have difficulty crossing today. This is a big winner for me today and well deserved after getting stopped out twice:

29 set 2020

Trade chiuso: obiettivo raggiunto

I took profit on HALF the position at 20.63:


I am still long common stock and call options