Probably my favorite stock of 2020 ! Been trailing it since it was on 6$ and the Chinese Gov gave them fundings in mass in the beginnig of the year. This EV cheap maker is not stopping in red ! no corrections no retracements ! when it corrects it corrects by the cent not by the dollar. When the market fell in September NIO was not moved by much and that shows investors confidence in the stock since they were not running away to gold or crypto like everyone else. This stock moved to heavy wehight by JP Morgan last month and has been skyrocketing since, and as i write this it broke 30$ today. my stakes in this stock are very high and acc to company investment vs profabilty along with Chinese loyalty in car sales and orders, this stock is predicted by FDGT team to reach 50$ mark by late FEB. We analyse the market with Fundamental and technical analysis combined on a theory called Market Cycle Based Analysis (MCBA), which relays on Elliot waves theory combined with market volume and fundamentals.
Trade safe !
Trade closed: target reached
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verified support level at 40 once more from here its smooth sailing to 45$ and from there to 50$ by end of 2020. Enjoy the ride !
Trade active
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We have more upside - hang in there ill be posting a full update on NIO soon enough
sold at 35.50 cause I dont think is getting more than that now. I'll buy more once gets less expensive.
FDGT_academy
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@vik0q, I hope you are right ,sold at 30$ as it faced a psychological barrier in the number value but the stock never looked back and kept going up.
It will dip the question is when and to how much, I don’t believe it will dip less then 32
vik0q
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@FatDOGmakesMONEY, even myself I don’t know if it was right to sell it but it already reached the highest price
FDGT_academy
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@vik0q, as it seems at the moment it wasn’t right you an me both .. but there must be a retracment soon -next week I believe
@Acwood, first we have election hype so I don’t believe it will reach there this week , but I’m waiting for correction to 30 probably next week as it seems now and that I’m m
Acwood
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@FatDOGmakesMONEY ?
FDGT_academy
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@Acwood, first we have election hype so we need to wait for it to blow over as Biden is green energy growth
I believe the retest will be to 30$ level but probably next week as it seems now