NIO Trade on Dec 28, 2020 10:17 from beno: Tradervue User Stock Trades.

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: Consolidation
-Intraday pattern: Bear Flag
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: B grade Ext. Cap. long
Confluence: N/a
Strike Zone: N/a
Sizing (lots + emergency): 200
Risk (stop / Rs): 43.67

Review / Lessons Learned

Setup and tape were clean, still B grade due to smaller than usual range and swing backside variable. Still best trade today, decent 2.5R on this one.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-12-28 10:17:37	NIO	buy	$43.900	long
2020-12-28 10:18:31	NIO	buy	$43.870	long
2020-12-28 10:20:11	NIO	buy	$43.880	long
2020-12-28 10:26:30	NIO	buy	$43.930	long
2020-12-28 10:29:59	NIO	sell	$44.365	long
2020-12-28 10:30:04	NIO	sell	$44.400	long
2020-12-28 10:30:18	NIO	sell	$44.440	long
2020-12-28 10:30:37	NIO	sell	$44.440	long
2020-12-28 10:30:37	NIO	sell	$44.460	long
2020-12-28 10:30:51	NIO	sell	$44.480	long
2020-12-28 10:32:03	NIO	sell	$44.540	long
2020-12-28 10:32:18	NIO	sell	$44.590	long
2020-12-28 10:32:47	NIO	sell	$44.650	long
2020-12-28 10:33:00	NIO	sell	$44.550	long
2020-12-28 10:33:13	NIO	sell	$44.610	long
2020-12-28 10:37:25	NIO	sell	$44.720	long
2020-12-28 10:37:29	NIO	sell	$44.690	long
2020-12-28 10:38:29	NIO	sell	$44.700	long
2020-12-28 10:38:53	NIO	sell	$44.600	long
2020-12-28 10:39:05	NIO	sell	$44.570	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NIO&trade=24324152&end=20201228110205&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NIO&trade=24324152&end=20201228120005&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NIO&trade=24324152&end=20201228160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=NIO&trade=24324152&end=20210127&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

yesitsdarkcoffee

2020-12-28 16:09:10

Solid entry beno!