Shared by
Cklamb
NIO
Intraday Fundamentals
Second Day Play on production numbers yesterday
Technical Stats
ADV 79 m RVOL .44 ATR 3.97 Inst Own 36.7% Short 6.85%
Trading Plan
• Consider the long at 56.50 if it looks to hold taking off half at 57. Stop 56.29
• Long 55.50 light stop stopping 55 and target VWAP for half and setting up for adding again.
• Short a breakdown of the PM high if this trades above there for time in the open
Trade notes
This was a well managed trade with the plan to scale into this after I got the solid partial. I the add at 55.10 was a little jumpy with the other adds making sense. I caught the tight spread stall at .54 and held this well taking off being prepared to add again if this was not ready to test VWAP or the 55.50 level that I had.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-02 10:09:09 | NIO | buy | $55.348 | long |
| 2021-02-02 10:13:10 | NIO | sell | $55.630 | long |
| 2021-02-02 10:22:37 | NIO | buy | $55.100 | long |
| 2021-02-02 10:24:12 | NIO | buy | $54.815 | long |
| 2021-02-02 10:25:05 | NIO | sell | $54.992 | long |
| 2021-02-02 10:26:27 | NIO | buy | $54.540 | long |
| 2021-02-02 10:28:55 | NIO | sell | $55.165 | long |
| 2021-02-02 10:30:09 | NIO | sell | $55.290 | long |
| 2021-02-02 10:39:14 | NIO | sell | $55.580 | 0 |
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