NIO - ready for another leg higher

Sep 18, 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

Sep 18, 2020

Note

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

Sep 21, 2020

Trade closed: stop reached

Potentially breaking down with the market. I got stopped

Sep 22, 2020

Trade active

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

Sep 29, 2020

Note

Still very bullish on NIO:

Sep 29, 2020

Note

1hr Breakout:

I expect resistance at 20.50. I added at 19.40

Sep 29, 2020

Note

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:

Sep 29, 2020

Trade closed: target reached

I took profit on HALF the position at 20.63:


I am still long common stock and call options