Gus-On

Gus-On Updated 

update to my previous idea on Tesla with regression lines. Weekly chart shows what may be the beginning of an Evening Star pattern. If so, get ready to load up on a reversal near the 830's and wait for a trend reversal.

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Tesla has a couple gaps that need to be filled. Let's see if they get filled or not.

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XPEV forming an inverse H&S. Good time to get if we get any pullback.

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Can go to $92 but only go to back down to $78 per fib levels to fill up that gap.

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NIO is under attack from several sides. I see it falling to a new LOW (mid 20's) after NIO day, if it even gets to go up by NIO Day. 1. China FUD & delisting fears. 2. Inconsistent monthly productions and lower than expected sales due to high priced vehicles. "Production of an economically affordable vehicle can boost sales." 3. Paid influencers like jim cramer...

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Delisting fears, productions and deliveries issues all prevented NIO from running to ATH's this year along with all Chinese ADRs. However, with production ramping up and good December deliveries we can see a new Uptrend. I think post NIO day will see a heavy pull back due to tax harvesting, as those who made gains and bought back in and held throughout the year...

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Inverse Head & Shoulders on the 4H chart, but with earnings coming up on Monday 11-15-2021 can it rally up to $57 next week or will it pull back to $38? We might see a pullback on Monday ( I will buy the dip ) due to the Bearish Harami it formed on Friday, but after hours earnings can make it rally. You willing to taker a risk? I am.

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Moving average lines crossed again and we can see a swing up to ATHs by EOY and a Rally to new ATHs by mid March.

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Moving Averages crossed and inverse head & shoulders. I see $180 coming soon.

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XPEV broke out and is on its way up leaving NIO behind with a low charge. Hopefully NIO charges up their battery soon and catches up with XPEV. I might ditch my NIO and get into XPEV for a quicker profit.

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KO touched the 200 EMA and wants to head back up. Long term Hold. I like the Monthly chart as well, very Bullish.

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SBUX came down to the 200 EMA and is bouncing back up. TP $146 +/- $1

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NIO looks like it wants to go down to low 30's "$31" then will bounce it's way back up to new all time highs as indicated on the chart. I just don't know the time frame to when these prices will hit. Maybe major delivery numbers or a big through in chip supply that will cause the jump up in prices.

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Might try to fill the gap. Whether it will or not, we will see by next week. Ciao bella ciao!

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Septimber is upon us and with NIOs good news coming out on a daily basis, it still keeps going down because the charts will move the way the charts want to move. I am Bullish long term on NIO but I'm thinking about selling $40 01OCT21 Calls against my shares or shorting NIO on Monday September ( Septimber ) all the way to the end of Septimber. Might get out of...

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There is a gap at $33.40 that might want to get filled on the Daily. If it does, I think this will be the last time we see it in the low 30's.

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Looking back at the history of NIO and pullback patterns, after every 3 pullbacks we get a good run up or dip down. With the several recent positive catalysts I think we are due for a run up after a possible pullback to $38. Feel free to share your thoughts. It also resembles an inverse head & shoulders which gives me hope. Regardless, my position in NIO will...

Gus-On Updated 

Looks like a Bullish pennant to me, what do you think?