NIO Trade on Aug 5, 2021 09:39 from mrideout: Tradervue User Stock Trades.

Daily:

Price levels: 46.30, 43.45, 44,41 @ 9 ema & 20 ema
Inst. Ownership: 35.90%
ATR: 2.5
AVOL: 49.87M
VOL: 30.3M
Float: 1.35B
Short float: 4.50%

Intraday:
Prior day formed an inverted hammer at the 9 ema/20ema confluence of support. I looked to get long expecting a push to the 46 level. On open, price initially sold off. I got long on the break of vwap & break of the 45 premarket level. Price momentarily sold off below vwap at 9:45am, but was immediately bought back up. This created a great opportunity to add, which I did. I exited my position on weakness in the tape when 45.40 failed to hold.

areas of improvement
- Good thesis to get long. There was clear support on the daily chart indicating a long opportunity.
- The initial entry was decent, though created more risk than I had intended (44 cents).
- Adding following the pull back to vwap was excellent. Price formed a hammer on the 1 min chart and I got long immediately after. A+.
- There was a good opportunity to get long again at 10:23am when price bounced off vwap and broke above the 45.25 level. This also was evident on the 5 min as a new 5 min high following a doji near vwap. Remember to look to get involved again.