$NIO - Run finished, go home.
Sell your NIOs. The run is over.
Too many gaps in the chart that need to be filled before any new highs are made. Also NIO is announcing a lot of new side-businesses, to make these, they're going to damage their balance sheet on the next earnings which won't help their stock price either.
Low=48
Consolidation = 46 - 54
What will completely invalidate this is if NIO get's CCP'fied and the stock just runs up to some insane price like 400 or more. That's where i'll eat my hat.
How to play this: Short NIO until the gaps are filled and until AFTER these earnings flop, then consolidate then bullish. Buy the consolidation lows and ride NIO to new highs many months later.
Too many gaps in the chart that need to be filled before any new highs are made. Also NIO is announcing a lot of new side-businesses, to make these, they're going to damage their balance sheet on the next earnings which won't help their stock price either.
Low=48
Consolidation = 46 - 54
What will completely invalidate this is if NIO get's CCP'fied and the stock just runs up to some insane price like 400 or more. That's where i'll eat my hat.
How to play this: Short NIO until the gaps are filled and until AFTER these earnings flop, then consolidate then bullish. Buy the consolidation lows and ride NIO to new highs many months later.
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