I like your linear regression chart. Per your chart, there was a pullback to the linear regression range toward the end of November and a possible retest coming up. I agreed! Nice work! Thank you for sharing!
TWTR_TraderChris
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Do you expect some consolidation before it hits 70?
goledger
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@farmerchris58, maybe but I wouldn't expect it to break below the regression center line for an extended period of time. The regression line would be about $56.10 to $56.50 on Monday, but moving higher as the month closes out.
Keep in mind we may have a broader market reaction to recent events, that NIO would not be imune to.
TWTR_TraderChris
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@goledger, ok ... I'm looking for mid-50's; so in line with what you said. However, depending on the short sellers sentiment, I suspect that it could go lower. I'll keep an eye on it tomorrow. I sold out completely Friday ... but now looking for a opportunity to get back in.
goledger
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@farmerchris58, I'll add at lower limit of the channel, and trim when outside upper limit. This strategy has worked (so far) through the China delisting mania and the NIOS secondary offering. I don't know if this strategy will continue to work, but it keeps me from getting overly emotional (bullish or bearish) on NIO. ... your mileage may vary.
TWTR_TraderChris
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@goledger, haha ... thanks ... I'm hoping the US politics & virus news doesn't get in the way of us making some $$$