NIO to $10 by end of January.
Hi Traders,
NIO's main seasonality is January with 83% win rate (stock is green). We started this year at $8.41 on 2 Jan, which means by 31 January, NIO will likely be higher than $8.41. I'm targeting the 1/19 $10 CALL option (which is currently $0.14), based on positive RSI divergence on the 2hr chart. In addition, NIO closed the $8.50 gap and is currently forming a bullish wedge pattern.
Entry: $8.27-$8.50
Target 1: $9.65
Target 2: $10.11
Stop Loss: $8.01
Option Entry: BTO NIO 1/19 10C @ .15
Option Target: STC NIO 1/19 10C @ .30 for 100% profit
Options SL: STC NIO 1/19 10C @ .10 for 33% risk
Happy Trading!
NIO's main seasonality is January with 83% win rate (stock is green). We started this year at $8.41 on 2 Jan, which means by 31 January, NIO will likely be higher than $8.41. I'm targeting the 1/19 $10 CALL option (which is currently $0.14), based on positive RSI divergence on the 2hr chart. In addition, NIO closed the $8.50 gap and is currently forming a bullish wedge pattern.
Entry: $8.27-$8.50
Target 1: $9.65
Target 2: $10.11
Stop Loss: $8.01
Option Entry: BTO NIO 1/19 10C @ .15
Option Target: STC NIO 1/19 10C @ .30 for 100% profit
Options SL: STC NIO 1/19 10C @ .10 for 33% risk
Happy Trading!
Trade aktif
BTO NIO 1/19 10C @ .10 (10 contracts); Target $1STO NIO 1/19 8P @ .37 (3 contracts); Target: $.01
Trading ditutup: stop tercapai
NIO hit the stop a few days ago.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.