Ive been long on $NIO since early 2018 and boy has it been a ride. bummed out that I offloaded a majority of my position from $6 average up to $12. But that's a whole other story
Im really happy to see how (to me) the cycle that $NIO is following is. Profit takers at the top, bears now -think they all a sudden know she's going to tank to "YUAN" ha ha sure...... well it def. nearly kissed it. But rode up to ATH and made a ton of millionaires in the span of 1 yr.
LIKE @kojack14 said:
I have alerts from $42-$44 to signal me if the trend has broken or will continue to rise with the VWAP which has been catapulted this thing to the moon!
I see $50 pre ER and a 5-15 dollar pullback as we continue North to no mans land .... winter is here.
******* to be fair and conservative: once 46-47 hits ... if you have JAN15.21 $25-30 calls ---- start to take profits and roll over to later exp ---
( I went out to jan.2022 with all profits. ) holding 5 contracts that are currently up 125% + in less than 8 trading days.
as far as my chart goes .... I hope its self explanatory.
- the (dotted base line "east to west" was my resistance turned support @ $27.60 as of 10/19
-the solid base line "east to west" was my resistance / support reference for ER projection as of 8/20
- orange, yellow & white trend lines are projections
My original conservative projection was $35 by DEC.27 which was the ER date that got switched from 11/17 to 12/27 and then back to 11.17.
either way $NIO looks strong and I DO BELIEVE
Im really happy to see how (to me) the cycle that $NIO is following is. Profit takers at the top, bears now -think they all a sudden know she's going to tank to "YUAN" ha ha sure...... well it def. nearly kissed it. But rode up to ATH and made a ton of millionaires in the span of 1 yr.
LIKE @kojack14 said:
I have alerts from $42-$44 to signal me if the trend has broken or will continue to rise with the VWAP which has been catapulted this thing to the moon!
I see $50 pre ER and a 5-15 dollar pullback as we continue North to no mans land .... winter is here.
******* to be fair and conservative: once 46-47 hits ... if you have JAN15.21 $25-30 calls ---- start to take profits and roll over to later exp ---
( I went out to jan.2022 with all profits. ) holding 5 contracts that are currently up 125% + in less than 8 trading days.
as far as my chart goes .... I hope its self explanatory.
- the (dotted base line "east to west" was my resistance turned support @ $27.60 as of 10/19
-the solid base line "east to west" was my resistance / support reference for ER projection as of 8/20
- orange, yellow & white trend lines are projections
My original conservative projection was $35 by DEC.27 which was the ER date that got switched from 11/17 to 12/27 and then back to 11.17.
either way $NIO looks strong and I DO BELIEVE