magicman

magicman

So looking at the weekly, we are finding support on the 200SMA. We are also following a decending trend line which is the base of a falling wedge in my opinion. I believe 2022 will be a breakout year for Nio. Taking a 2000 share position here as well as 3 Jan 2023 $40 leaps.

magicman Updated 

Looks like Nio is forming a large symmetrical triangle. I'm guessing we move up to at least $45 from here. If we reject the trendline, then we will continue making the symmetrical triangle. Watch for an increase in volume to confirm a breakout. Price target of the symmetrical triangle: Low of the triangle is roughly $16. The height of the triangle is $67. So $67 -...

magicman

It looks like Palantir a very large ascending triangle. After a great earnings report.. I am hoping that we can break that $27 resistance. If we do, I see a move to $34-40 happening. Let me know what you think!

magicman

I looks like we have a nice bull pennant for Disney. Friday looked like it was breaking out but then sold off back to the trendline. I bought $210 calls for Jan in the belief that we will run up to that range from here. Let me know what you guys think!

magicman

It appears that PLTR is in an ascending triangle with a possible break to the upside in September-November. I am selling puts at anything under $20 strike price and doing covered calls at $26. I can generate about $500/week with little risk of losing shares. I am also using the money made from selling puts to purchase JAN 20 2023 LEAPS for a strike price of $30...

magicman

Not completely sure about this, but looking at the 1M chart, it looks like Apple is forming an ascending triangle. However, looking at the 1W chart, it begins to look like a head and shoulders pattern. Can anyone clarify?

magicman

Solid blue flag forming on the lower timeframes. Look for a breakout!

magicman

It appears that NIO is making a bull flag on the weekly charts. I would expect a catalyst like earnings to make the price go to $80.

magicman

It looks like Nio just bounced off the trend line as well as the Fib line. Think that is a bullish call and a good entry point. Earnings is March 1st. Should tick up from here. RSI is also getting oversold on the lower trendlines and watch MACD for signs of momentum swinging upwards! THIS IS NOT TRADING ADVICE. INVEST WITH YOUR OWN IDEAS!

magicman

Not completely sure about this..But it appears that there is a cup and handle forming. Please correct me if this is incorrect! Thanks!

magicman Updated 

NIO is holding great support around $55. It has touched off $55 about seven times in the last 10 trading days. With the positive delivery numbers as a positive catalyst, I would suspect that this is about to move upwards of about 30-40% in the next month and a half or so. Price target by March 19 for Option Calls, $75-80.

magicman

Classic bull pennant forming. Volume decreasing.!. 73% chance of breakout. Price target, $580-$620.