Two new trading ideas and quick update for old onesNIU and GOTU are showing nice trading setups. We can enter NIU right now and wait for GOTU for better entry.
PYPL, XINYI and SBSW are starting to give me the signal that my analysis was right. Glad that I entered at these prices. Let's wait and see and hope price doesn't reverse.
NIU
NIU could be sub-$4 by March (23% decline)NASDAQ:NIU has bounced up from its low of $2.57 in October.
BUT in early December, it tried to break $6 and failed.
Then we had a couple weeks of consolidation.
So far this year, we've tried to break above the previous 2-week candle, but it has failed so far.
I venture that by the end of January, we'll breach the previous 2W candle's low ($4.62) AND continue downward.
I have to reason to target $4 exactly; in fact I'm kind of expecting it to breach last year's low ($2.57) in the next six months.
IDEA - NO POSITION. $NIU Target 40.50 for 28.21% $NIU Target 40.50 for 28.21%
This is just an IDEA and I don't have a position at this time... honestly... I'm eyeballing that 22.90 level... so I'm going to say short for this one, but anything can happen... That's why I have options in both directions. Nice profit range here...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.