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
-Jan 06 2020: US to delist BABA and Tencent (NIO also Chinese ticker)
-Jan 06 2020: Pro-Trump mob breached capitol building during protests, 1 shot
Technical Analysis
-SPY pattern: Mountain
-Intraday pattern: Bear Flag
-Other notes: Affected by BABA/Tencent news and market selloff due to protests
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade FT-15 long of 49 level
Confluence: Whole $
Strike Zone: 49.75 - 48.25
Sizing (lots + emergency): 50
Risk (stop / Rs): Hold below 49
Review / Lessons Learned
I didn't get big here because there two bearish catalysts at the same time, so I would rather risk less, up small +0.5R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-06 14:44:29 | NIO | buy | $49.660 | long |
| 2021-01-06 14:46:07 | NIO | sell | $50.240 | 0 |
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