I view any $NIO pullback as an opportunity to add shares. I am expecting higher market volatility over the next week or so, and have raised my cash according.
Looking to add to positions in SDGR, ARKG, OKTA, AVGO, INTU, UPS, PK.
Year-to-date, $NIO performance has covered for my poorer trades in AMZN, NOW, and GOOG.
Looking to add to positions in SDGR, ARKG, OKTA, AVGO, INTU, UPS, PK.
Year-to-date, $NIO performance has covered for my poorer trades in AMZN, NOW, and GOOG.
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Close was not optimal, but that was not big volume.
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Tonight Senator Schumer referred to the need for a new tax credit to incentivize American auto manufactures to compete with China EV companies.
stock is down 5.7% on the day, about $3.50; and down about $1.50 for the week
I’m watching the close, specifically want to see how much movement we have and the corresponding volume. Bullish sign would be to recover $1.00 to 1.50 on big volume in the final hour. Bearish sign would late day selling on big volume.
I’m still bullish $NIO, and own more than 2000 shares, either long or via DITM calls. I rarely hold a trade longer than I can stand to wear a band-aid. I’ve held $NIO since late November. I might be biased.