Looks like NIO is getting support for last monstrous breakout at 20,
The support is holding so far, with earnings coming in near future it is primed to run until 31. Lets go NIO!
Look back since IPO, the breakout was at 100-110, once it broke those levels it made new highs.
Now the breakout levels are providing support, looks like a sold support here now. Earnings could confirm what is the next for this monster.
Maybe we will see 160 -180 in near term
With the cooling regulatory concerns, PDD looks like is getting ready to run.
Play one If it crosses 60-63 in next few days, Add @ around 60-65 Sell at 90
Play two If it fails to cross 60, sell at 60 buy at 47
Stop loss 10% for both plays.
Breakout 0 - very long term POC at 89
Breakout 1 - long term POC at 106 and 189
Breakout 2 - near term POC at 189
Peak 1 - POC at 189
Peak 2 - POC at 189
Support 1 - 129 - should hold, unless SPY goes into correction
Support 2 - 106 - will hold in case of SPY correction
Plan A:
Enter - Buy long term - at 129 if this breaks exit at 10% loss
Target - 189
Plan...
HOOD has returned negative value for investors and people piling on these meme stocks are suffering.
FIB level may hold at 11, today is the ER its either break or make for HOOD.
