Selling the 65 April 16 calls. The entire EV space has been in decline in recent weeks and in the near term the trend might be flat to bearish. Because of the high implied volatility selling far out of the money calls might be a good way to play to the downside.
Nio has been coming down for quite a while. If you are a long term believer of NIO like I am, be calm, cool and collected. Nio is deep in the race of EV so keep your eyes on the end goals. Earning might change all of bad result we have seen.
Don't let your emotion determine your actions.
Keep a clear mind before you reacts to situation.
NIO is currently in a volatility squeeze and has broken the significant level within the trend pattern that has led to a large break out multiple times (Within the current trend)
One precaution to consider is that the uptrend is getting a little long in the tooth when looking at it from a Fib Time Zone extension perspective
But be aware of a potential selloff due to overvaluation of this stock corelated with the P/E ratio.
For example, BMW sales in January were 170,463 units, while NIO`s 7,225.
BMW has a market cap of 45.336B,while NIO has 88.858B.
Here is when i wrote the first article about...
NIO is going higher and higher. This company has significant potential. But the stock seems to be a little bit overbought. It is not a healthy UPTREND. NIO should close the GAP and go back to $58. It could be a good opportunity for buyers.
ENTRY LEVELS LONG:
$58.80
$55.34
$50.11
NIO is pretty bullish and it make new high and I think it do some retracement towards support line (48).
You can my previous analysis for more.
If you agree then like idea and support me.
Mention your thought in comment :)
Looking at the total revenue for 2020 and the market cap of almost 76Bil USD and the fact that Nio inc. is not audited by by an America company, i think the stock has still a downside potential right now!
And just to be sure that i am not a Nio bias, this was my first post about it, at 6.98usd, when i bought...
Its possible price can head to $47.98; price is possibly forming a descending channel with a possibly forming ascending triangle within the pattern. Price could make that bullish move to the upside
Well, at the first rush with NIO, I admit, I bought the stock twice, both of them I saw huge percents in couple days, so I sold it out.
My biggest dream is that NIO will start their rush all over again, so I could handle like I know, and not run away when the profit is way too high.
those days, I watch carfuly about...
Many get worried when seeing a hype stock like this correct and move sideways as it is now... I on the other hand love times like this. Nio is preparing for a decision, and its direction will quickly be determined with the upcoming price movement as we move toward New Years'.
As we come to a decision point for Nio, we look at a few levels. I'll be watching the...
Nio got beat down with the china news like many other tickers. I think it started forming a base and was holding it friday.
DO NOT enter NIO if money isn't flowing into the EV sector. Follow big money.
Entry: 40.57, 40.51 (golden box)
SL: under 40.09 (.5 fib)
Short term PTs: 47.84, 53.65
Long term: ATH, 59.17-61.86
If u need confirmation wait for a break of the...
