NIO Inc.Long
NIO good earnings, probably won't change sentiment
Great cash reserves announced with earnings release. Actual and forecast unit sales were good but some may try to interpret as negative.
Recommended new trade entry points: low $45 range. Note high volume nodes on left side of chart (see horizontal lines added for emphasis).
Careful if it falls below $41.41 may indicate institutional selling.
Market sentiment still biased toward the negative. EV's trading off as group since 2/8/21.
I'm going to limit my trading activity (focusing on 4 stocks) while the NASDAQ works through it's current anti-momentum phase.
I trade NIO and own it as an investment.
Recommended new trade entry points: low $45 range. Note high volume nodes on left side of chart (see horizontal lines added for emphasis).
Careful if it falls below $41.41 may indicate institutional selling.
Market sentiment still biased toward the negative. EV's trading off as group since 2/8/21.
I'm going to limit my trading activity (focusing on 4 stocks) while the NASDAQ works through it's current anti-momentum phase.
I trade NIO and own it as an investment.
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