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: Fade
-Intraday pattern: Bear Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 12.85 level
Confluence: Prior Close
Strike Zone: 12.9 - 12.7
Sizing (lots + emergency): 3+1
Risk (stop / Rs): Hold below 12.7
Review / Lessons Learned
Didn't get big enough and could have added on that second dip which tested the level more thoroughly.
Lessons Learned: If the level wasn't officially tested and the first bounce was insignificant, get back in on the second test!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-21 09:40:43 | NIO | buy | $13.030 | long |
| 2020-07-21 09:41:09 | NIO | buy | $12.940 | long |
| 2020-07-21 09:42:30 | NIO | sell | $13.060 | long |
| 2020-07-21 09:42:30 | NIO | sell | $13.060 | long |
| 2020-07-21 09:42:30 | NIO | sell | $13.060 | long |
| 2020-07-21 09:42:42 | NIO | sell | $13.110 | 0 |
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