- Positive Divergence - OBV breaking upward potential - As per prior post, we are in half way into the long term buy zone. Long term accumulation can commence for long term investors. - Price could drop as low as $6 however there is no guarantee, and with the positive divergence there is a trade to be considered to the upside with earnings on the agenda this Friday. - Stop Loss at June 1st low somewhere between $7.00 - $7.42 depending on risk tolerance.
Trade ativo
Well a nice 28% increase since the last NIO post using positive divergence and break of OBV resistance. We were also aware of the earnings report.
I used this trade to capitalize on my long term DCA into NIO and significantly lowered my average buy in price. I have a long term view on NIO which can be reviewed on the prior post or on trading view. Regardless, you could have capitalized on this trade short term too, if that was your preference.
Trade ativo
NIO hopefully building a base out of the orange
Trade ativo
- In 43%+ profit - Perfect RSI Positive Divergence play - Now above 200 day SMA (very positive) - Next resistance is at $13.70 (another 26%) - NIO's all time high is $66.85 which is c. 500% from current price.
This is a long term trade but will manage on the way and at some stage will withdraw original stake to ensure profitable position. Trading view also updated.
I will keep you posted
PUKA
Comentário
How good is this chart looking... did we catch the bottom?
- 70%+ in profit now - All from an RSI Positive Divergence play - We are now well above the 200 day SMA - The green target zone is the next resistance. - The top of that zone if the 1.618 fib ext
WHAT A TRADE
Comentário
NIO has just hit the 1.618 Fib Extension at $15.00 resulting in a 94% profit over 34 days since I first shared
Whilst I am in this trade for the long term, we are overbought on the daily and weekly...and this looks like it might be a spinning top. I would not be surprised to see some profit taking here.
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