Max Loss/Buying Power Effect on Setup: $112
Max Profit on Setup: $88
Break Even Versus Spot: 6.12 versus 6.50
Debit Paid to Spread Width Ratio: 56%
Notes: I'm fairly dubious that I'll get filled at the mid price on this, since that debit paid/spread width ratio is unusual to say the least. Moreover, the setup is bid 1.00/mid 1.12/ask 1.25, and I'm ...
$NIO has respected resistance levels a few times since its I.P.O. $NIO. $NIO is stuck inside of this triangle until volume improves next week. With such brutal market conditions $NIO is only 12.61% below its 20 day simple moving average. Still ahead 2% for the quarter any breakouts of this triangle will cause a HUGE SHORT SQUEEZE that will cause polarity. More bad ...
After NIO day on Dec.15 with the release of ES6 and Fed rate hike decision on Dec.18, the resistance level around $8.10 will be tested for the third time. It is very likely that the price will penetrate $8.10 and close above $8.10 unless ES6 does not meet the expectation of the market or NIO releases any negative news during this weekend (which will be unlikely ...
$NIO holding trendline support this week, forming a possible ascending triangle on the hourly chart. Expecting another couple moves within triangle before breaking ~$8.12 resistance. Targeting $9.00+ by year end.
Note: Informational analysis, not investment advice.
$NIO will test the double bottom reversal confirmation Monday and Tuesday. I expect a quick drop to $7.60 premarket Monday and then a quick ride to $8 where it'll fail to $7.85 and another bounce and close above $8.15 Monday. Best case for me if I don't sell is a run to $9 Tuesday. Currently in spec cap at $6.80 11/14. Sold half at $7.49.
Whats up traders,
What do I have to do to put you into a new NIO today? Not to sound like an annoying salesman, but if you were a member of our paid signaling service, you would be the owner of NIO, and you have experience some nice gains.
Joking aside, this company is awesome. It is a great investment opportunity in our opinion, aside from the trading ...