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
-Aug 11 2020: Earnings: Revs up 146% Y/Q and up 171% Q/Q, Deliveries up 322% Y/Y
-Aug 27 2020: $75M share offering at $17 per share
-Nov 02 2020: Deliveries up 110% M/M, JPM upgrades to buy & $40 PT
Technical Analysis
-SPY pattern: Bull Flag
-Intraday pattern: Runner
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 34.9 level
Confluence: Whole $
Strike Zone: 35 - 34.8
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 34.8
Review / Lessons Learned
B grade setup, main thing that turned me off to sizing more (and treating as A+) was the structural break, it only broke out about 70% of the structure, would have needed NIO to trade up to 34.5 for it to be A+ and for me to size bigger and use recycling. +1R on this one
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-03 11:53:45 | NIO | buy | $34.980 | long |
| 2020-11-03 11:53:45 | NIO | buy | $34.980 | long |
| 2020-11-03 11:53:45 | NIO | buy | $34.980 | long |
| 2020-11-03 11:54:35 | NIO | buy | $34.880 | long |
| 2020-11-03 11:54:35 | NIO | buy | $34.880 | long |
| 2020-11-03 11:58:31 | NIO | sell | $35.000 | long |
| 2020-11-03 11:58:40 | NIO | sell | $35.040 | long |
| 2020-11-03 11:58:56 | NIO | sell | $35.060 | long |
| 2020-11-03 11:59:04 | NIO | sell | $35.090 | long |
| 2020-11-03 11:59:26 | NIO | sell | $35.075 | long |
| 2020-11-03 12:01:59 | NIO | sell | $35.000 | long |
| 2020-11-03 12:01:59 | NIO | sell | $35.000 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!