were yesterday and must have been received well. No rising wedges in yearly chart. I do not know why, but something is not adding up on this chart. Perhaps earnings interrupted the flow but I thought this would go down a bit lower. I guess sometimes you have to just go with the flow (o: Be safe Not a recommendation.
In a tight descending wedge, in a reversal zone, MACD and RSI curling up. Should be a strong run up
$NIU puts are cheap right now and I'm thinking this run (along with many others) needs a break. However I am irresponsibly long in leap option calls for certain blue-chip tech/auto collaborations. Volume is slowly dropping and bearish divergence is seeming prime for some correction. This is a great candidate for me to use as a short term hedge against political...
After growing from $20 to $50 in less than two weeks, Niu has been consolidating and is ready for a breakout. Niu Tech is setting up to fall a little bit soon, but once it hits that support level, it could end up shooting up again, possibly to $70-$80. Look to get in once it starts to pull out of that support range. Good Luck!
NIO is on the low end of its trajectory and is currently a strong buy. Even plotting along at the bottom of this trajectory puts them at $100 per share by August...
Tested $26 level 4 times and been moving sideways around its 50 MA for about a month. A break of the down slopping trendline should signal the start of the next leg higher.
Bought this company to fully support the idea of cleaner air in China.
Reasons to buy from simple analysis : 1. Flip zone with key structures. 2. Model valuation around 25 based on a research report. Some news I grabbed from the internet : Niu, which had previously reported better-than-expected sales volumes for the third quarter, said that revenue in the period rose 36.7% to $135.8 million, well below analyst estimates at $149.3...