Still hodling my $52 Buy. Undeterred. We go higher. Why Panic?

Unfortunately the Nio momentum has pulled back due to the overall market sell off last week.

Now we should be back on track

Technicals:
-The Tom Demark count on 4 Hourly is on a red 8. Red 9 Buy coming for tonights trading session.
-4HR 20 MA support should probabilistically bounce the price
-Trend is up - Assume the trend, buy on dips.

Still holding my $52 Buy, If this moves up, will be moving my stop loss to 58 and would also take profits above 60.

Good luck all

Commentaire:

Please check prior posts on why I have decided to buy the $52 area

Commentaire:

Leaving the trade just based on 3 bars passing despite a 9.
Tesla's break out triangle also starting to look like a fake out.

Take the profits home! Take home the cash.