I do believe in this stock long term although last jump was a little overdone in my opinion.
Bought cheap put options yesterday @ 9.50 17/07.
Hopefully TSLA sees some resistance at some point which could discourage NIO - correlation is clear between the two stocks.
MACD will probably test the signal line and breakdown. Gann box not perfect but seems to show broadening wedge between 0-0.5 and 0-1 which could again translate to consolidation at 9 ish .
Also entered long (little late) at 7 ish and will most likely accumulate when pullback is over.
First idea that I'm sharing - feel free to drop comments.
Cheers
Bought cheap put options yesterday @ 9.50 17/07.
Hopefully TSLA sees some resistance at some point which could discourage NIO - correlation is clear between the two stocks.
MACD will probably test the signal line and breakdown. Gann box not perfect but seems to show broadening wedge between 0-0.5 and 0-1 which could again translate to consolidation at 9 ish .
Also entered long (little late) at 7 ish and will most likely accumulate when pullback is over.
First idea that I'm sharing - feel free to drop comments.
Cheers
Nota
Well... A little bubble got in the way but we're almost there.Cheers
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.