$NIO Inc (NIO.US)$ Entered into NIO, both stocks and call op...
Entered into NIO, both stocks and call options. Hit the bottom of consolidation zone and strong rebound off the support of 30. Has hit the selling climax. yesterday had a small sell off from open with low volume. Which shows a lack of supply. Today pushing up again with potentially even lower volume, showing the shorts have left and buyers are left in this zone. We will be pushin up to retest 35.6 and 38.
The strong resistance is still at the 41 mark which majority of people bought there so do expect there will be tons of shorts waiting there paired together with people who bought there and got trapped on the way down. Those buyers who got trapped might be looking to exit position when it reaches near their break even point.
Lets take it a step at a time!
As always, trade safe & invest wise!
Subscribe to my youtube channel if you have not to be updated of more technical analysis videos once its out to stay ahead of thte market!
www.youtube.com/c/investing101channel
The strong resistance is still at the 41 mark which majority of people bought there so do expect there will be tons of shorts waiting there paired together with people who bought there and got trapped on the way down. Those buyers who got trapped might be looking to exit position when it reaches near their break even point.
Lets take it a step at a time!
As always, trade safe & invest wise!
Subscribe to my youtube channel if you have not to be updated of more technical analysis videos once its out to stay ahead of thte market!
www.youtube.com/c/investing101channel
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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BeBlessed : Joining you
Investing 101 OP : dont enter yet if you have not. its going through pullback today and maybe even tmr and the day after. better prices to load up at
Shuseido : what do u think is good price to enter? thanks.
Investing 101 OP : 30 to 33 is good.
BeBlessed Investing 101 OP : I entered at 32ish few days ago..
Btw Bro 101, can you do a YouTube on put option if you have not? I studied a little, unfortunately still unclear how it works.
Also I am trading Dow Jones futures.. can't really relate it with e-mini Jones..
Shuseido Investing 101 OP : Will observe the price coming few days.
Investing 101 OP BeBlessed : 32 is good price. Just hold. Ym is E-mini for Dow Jones.
Will find time to do options video. I know alot of people who don't know how to capitalise on options or have misunderstanding of options.
I even have banker friends calling me up to consult about options. Shows to me that options is still very underused.
BeBlessed Investing 101 OP : I have another batch of Nio bought at 28ish, missed the selling opportunity when it hit 40 few weeks back. Jialat![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Investing 101 OP BeBlessed : Lol. Don't worry it will get there. Just needs time. Currently not a good time as US side is still very shaky. Probably will be until next week. So hold tight and scoop up good deals if it happens to come by.
BeBlessed Investing 101 OP : Yes Bro 101.. Hopefully there is santa rally as mentioned by Tom Lee. Let's huat tgt!
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