TheTradingStar

$NIO Don't chase fully extended fib extension level at $35.90

Short
NYSE:NIO   NIO INC
Wait for a pullback and consolidation. Earnings are still 2 weeks out on November 17th.

Comments

But Citi raised target to 46 USD after your analysis. Do you have any afterthoughts? Thanks!
+6 Reply
loiq2000 iridethistrain
@iridethistrain, Apparently no
Reply
No idea what to do.. :/ I wish there would be a pull back.
+1 Reply
It is Tesla-like now. I really want to get in but I don't want to buy out of FOMO.
Reply
EmmaRon iridethistrain
@iridethistrain, That's the same situation for me as well .Don't see it dropping significantly now.
+1 Reply
@EmmaRon I will put a small amount on NIO just for fun but primarily focus on other trade ideas for now. Sorry NIO. I won't break my discipline
+1 Reply
EmmaRon iridethistrain
@iridethistrain, Sounds Good I'm looking on Xpeng now until a proper dip happens for NIO if it does dip at all
+1 Reply
vik0q iridethistrain
@iridethistrain, thre's way too much people buying compulsively
Reply
@vik0q On a stock like NIO, timing the market makes you lose train. Perhaps NIO will be upgraded so many times in the process and shoot it to the sky. There will be pullbacks but maybe not in the ranges that we thought it would be anymore
Reply
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