Hi Traders,
NIO's main seasonality is January with 83% win rate (stock is green). We started this year at $8.41 on 2 Jan, which means by 31 January, NIO will likely be higher than $8.41. I'm targeting the 1/19 $10 CALL option (which is currently $0.14), based on positive RSI divergence on the 2hr chart. In addition, NIO closed the $8.50 gap and is currently forming a bullish wedge pattern.
Entry: $8.27-$8.50
Target 1: $9.65
Target 2: $10.11
Stop Loss: $8.01
Option Entry: BTO NIO 1/19 $10C @ .15
Option Target: STC NIO 1/19 $10C @ .30 for 100% profit
Options SL: STC NIO 1/19 $10C @ .10 for 33% risk
Happy Trading!
NIO's main seasonality is January with 83% win rate (stock is green). We started this year at $8.41 on 2 Jan, which means by 31 January, NIO will likely be higher than $8.41. I'm targeting the 1/19 $10 CALL option (which is currently $0.14), based on positive RSI divergence on the 2hr chart. In addition, NIO closed the $8.50 gap and is currently forming a bullish wedge pattern.
Entry: $8.27-$8.50
Target 1: $9.65
Target 2: $10.11
Stop Loss: $8.01
Option Entry: BTO NIO 1/19 $10C @ .15
Option Target: STC NIO 1/19 $10C @ .30 for 100% profit
Options SL: STC NIO 1/19 $10C @ .10 for 33% risk
Happy Trading!
Dagangan aktif
BTO NIO 1/19 10C @ .10 (10 contracts); Target $1STO NIO 1/19 8P @ .37 (3 contracts); Target: $.01
Dagangan ditutup: hentian tercapai
NIO hit the stop a few days ago.
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.