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: Mountain
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First Test short of 37.7
Confluence: 1m-JL
Strike Zone: 37.6 - 38
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold above 38
Review / Lessons Learned
Feel terrible for piking this, it was extremely weak after this push, didn't think it would make a new LOD. +1R here only.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-04 14:03:08 | NIO | sell | $37.560 | short |
| 2020-11-04 14:04:32 | NIO | buy | $37.350 | short |
| 2020-11-04 14:04:56 | NIO | buy | $37.358 | short |
| 2020-11-04 14:04:57 | NIO | buy | $37.355 | short |
| 2020-11-04 14:05:10 | NIO | buy | $37.330 | short |
| 2020-11-04 14:05:22 | NIO | buy | $37.260 | short |
| 2020-11-04 14:05:22 | NIO | buy | $37.260 | 0 |
Comments
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Brilliant entry mate and shame how much you left on the table.