Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jan 2020: Tesla sympathy play
-Jan 2020: Rumors about a $1 billion cash infusion from GAC Group
-Jan 2020: Lots of funding news lately
-Jun 03 2020: Upgraded to buy at GS
-Jul 08 2020: sympathy movement from TSLA / EV sector
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Fade
-Other notes: Very volatile day for such a large float, 567m traded!
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of 13.2 level
Confluence: Prior Close
Strike Zone: 13.15 - 13.3
Sizing (lots + emergency): 2 + 1
Risk (stop / Rs): Hold above 13.3 / or 13.51
Review / Lessons Learned
Went further than expected so had to scratch it using emergency lot
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-08 15:15:49 | NIO | sell | $13.130 | short |
| 2020-07-08 15:15:49 | NIO | sell | $13.130 | short |
| 2020-07-08 15:17:14 | NIO | sell | $13.210 | short |
| 2020-07-08 15:17:14 | NIO | sell | $13.210 | short |
| 2020-07-08 15:17:14 | NIO | sell | $13.210 | short |
| 2020-07-08 15:17:36 | NIO | buy | $13.100 | short |
| 2020-07-08 15:17:36 | NIO | buy | $13.100 | short |
| 2020-07-08 15:18:19 | NIO | buy | $13.060 | short |
| 2020-07-08 15:20:18 | NIO | sell | $13.210 | short |
| 2020-07-08 15:24:47 | NIO | sell | $13.420 | short |
| 2020-07-08 15:27:24 | NIO | buy | $13.290 | short |
| 2020-07-08 15:27:24 | NIO | buy | $13.290 | short |
| 2020-07-08 15:27:38 | NIO | buy | $13.230 | short |
| 2020-07-08 15:27:45 | NIO | buy | $13.280 | short |
| 2020-07-08 15:27:45 | NIO | buy | $13.280 | 0 |
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