leongaban

NIO breakout of bull flag

Long
NYSE:NIO   NIO INC
High conviction trade taken, Jan 15th $25 call options 21 contracts dollar cost averaged in.

Been monitoring news and social on NIO recently, had a Chinese fivver tranlsate hundreds of Weibo messages talking about NIO , will be posting my full high conviction trade analysis in the DumbMoney.tv discord channel: https://dumbmoney.tv/discord you will find it in #high-conviction-trades and #nio later this week.

Been waiting these triangles play out, and entered on a dip that converted the last one from a symmetrical triangle to a downward channel / bull flag , which just broke out this morning.

Next NIO earnings is Nov 10th. They have done over 1 million battery swaps, and the social chatter in China is highly positive.
Comment: The 1/15/2021 $25 call options are now ITM ;)

Comment:
lol this is a TSLA Type move, 20 day MA added

Comments

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