NIO - ready for another leg higher

LOVE what I'm seeing right now in NIO. I have a position.

Important we see continued relative strength in the stock. Imminent breakout if so IMO.

Could buy at the breakout above 21 and/or in the purple box:

I am long and will add in the purple box as well as the breakout

Note

Another layer filled at 19.10. My next buy layer is at 18.80. The rest will be on a breakout if it happens

Trade closed: stop reached

Potentially breaking down with the market. I got stopped

Trade active

Bought back 18.50, my original cost. A bit chopped but that's part of the game if stops aren't wide enough, which mine were not. Stop is now below yesterday's low

Note

Still very bullish on NIO:

Note

1hr Breakout:

I expect resistance at 20.50. I added at 19.40

Note

NIO just crossed 20.50 and approaching its next resistance where I think price will have difficulty crossing today. This is a big winner for me today and well deserved after getting stopped out twice:

Trade closed: target reached

I took profit on HALF the position at 20.63:

I am still long common stock and call options

Lanmar

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Lanmar