Long

NIO, IPO, Tesla Competitor? Huge Potential Gains!

Updated

This was released under IPO price. Im long @ 5.99.

Tesla competitor and much more involved with this company, just no need to go into much detail.

Cant beat under IPO price, and huge long term possibilities with this company.

They may be the first producers of an affordable electric car to start.

This is high risk, as noone knows what could happen.

I have a 100% success rate with IPOs this year so far, just mentioning.

Happy trading , debating, and speculating!

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That was fun. Whats next? Stay tuned. If you have been following my charts, you would be up over 500% in the last few months.

As for this stock, ill be holding it until it breaks 100, not going to bother with bounces. Huge long term potential here.

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50% gains today is cool, but 1000% is a lot cooler, so ill wait.

Note

and PLEASE ignore these ridiculous articles that talk negative about this company, or any really. News is always wrong.

Same with this Bernstein one earlier about selling at 8$, just HODL, they want your sells so they can get more at these cheap prices. once this breaks 10 I dont see it falling back under any time soon.

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If you havnt check out my other charts, you should, as you will start to see my track record is flawless. so far.. anyways as for NIO,

We have momentum movin bullish again slightly, and have reached the pull back area. Worst case could see 8.50 first, but not likely.

We have buy signals all over, for the small data provided.

Not enough people got to buy this, as it went up so fast, so understand there are a ton of people still waiting to try and get a good entry. Or miss the train.

Note

BE SURE TO IGNORE NEWS ARTICLES ABOUT NIO, as they will try to suppress the price lower for better entry.

rich people dont want you as their friend, so dont expect real help. Media is for the weak common minded people to believe.

The graph tells you all you need to know, EVERY TIME.

Note

NIO will have over 3000 models already sold by sept 30th, and double the next quarter.

To put that into perspective, Tesla didnt release their models for over 2 years after their release.

Expect a rise in this, its the only option for EV tech besides tesla.

Note

Another note, tencent and baidu are big backers of Nio as well.

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heres a little video of one of NIOs super cars.

youtube.com/watch?v=dAQ_7fQu8IQ

Note

Short Sell Restriction (SSR) will keep short pressure down for now, and just the hype behind this company could push this with volume.

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There is one technical explanation for the decrease today, which was completely possible due to the 100% in a day. Remember, this is volatility high risk high reward.

Anyways, I have labeled a possible Elliot formation for us to look at, which makes sense that it would go below to these perfect levels which ive labeled in this chart.

No need to sell your bags at this point, stop loss and still be profitable from 6 would be 6.90 but Im just holding and adding for this one until next level up.

We have a few buy signals, dont let the after hours nonsense mess with your head.

No one knows what this could really do, as there are some valid concerns with a decent argument, but Im just reading the technical chart and avoiding the news.

Be safe, and never risk more then makes you comfortable.

(sorry for double post, didnt mean to comment the last one and I cant delete it)

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heres a closer view at the next days actions

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this would be a perfect buy area as charted to finish C wave. which had to be at least under 8.24, and can reach as low as 6.92. Anything below will be a failed formation.

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looks like the above formation had a bounce in the area labeled above, looking for a breakout above 9 tomorrow , else we may see the 7$ number , no need to sell imo.

ToddGreen

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