NIO Inc.بيع
Exiting LONG positions. Securing Profits.
تم تحديثه
Greetings All,
Closed my LONGs on NIO based on bearish outlook (20/50 EMA crossover), will look for short positions on upward retrace around $40-45. NIO may bounce off 200 MA, but I'm skeptical it will rejoin the bullish channel in the coming weeks.
Here's a thought - just who's selling (panicking) and who's buying all these shares up? Supply and Demand 101. You're selling to
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Closed my LONGs on NIO based on bearish outlook (20/50 EMA crossover), will look for short positions on upward retrace around $40-45. NIO may bounce off 200 MA, but I'm skeptical it will rejoin the bullish channel in the coming weeks.
Here's a thought - just who's selling (panicking) and who's buying all these shares up? Supply and Demand 101. You're selling to
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
ملاحظة
NIO found support at the 200MA, which technically makes the stock bullish. But, I'm neutral until NIO closes above the red trendline, which is acting as resistance
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