Been loading small lots on NIO @ $2.5 range and averaged up again with the positive news about their deliveries. Still not a favorite of mine but with TSLA coming up short in their ER call & Continued news on the China trade deal front (small but nonetheless small catalysts) I believe NIO shows a great risk reward opportunity over the next few months.
On the chart I plotted on, shows the 20EMA is about to cross the 200EMA all while our MACD is confirming a bullish movement. Volume will begin to cycle again and hoping TSLA brings some renewed investors too NIO - just a hope but the EV market isn't going anywhere and with NIO being well off it's 52wk high, I see this moving up over the next few weeks.
Hoping we can first see that $4.00 become new found support and once we breakthrough $5.85 we will move quickly back up to ATH. I am sure this won't be a smooth ride back to ATH and for this swing play I'm looking at exit around $5.65 but deepening on what happens, this swing could become more of an investment with a longer term mindset - that's the beauty of investing!
On the chart I plotted on, shows the 20EMA is about to cross the 200EMA all while our MACD is confirming a bullish movement. Volume will begin to cycle again and hoping TSLA brings some renewed investors too NIO - just a hope but the EV market isn't going anywhere and with NIO being well off it's 52wk high, I see this moving up over the next few weeks.
Hoping we can first see that $4.00 become new found support and once we breakthrough $5.85 we will move quickly back up to ATH. I am sure this won't be a smooth ride back to ATH and for this swing play I'm looking at exit around $5.65 but deepening on what happens, this swing could become more of an investment with a longer term mindset - that's the beauty of investing!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.