Hi Traders,
NIO's main seasonality is January with 83% win rate (stock is green). We started this year at $8.41 on 2 Jan, which means by 31 January, NIO will likely be higher than $8.41. I'm targeting the 1/19 $10 CALL option (which is currently $0.14), based on positive RSI divergence on the 2hr chart. In addition, NIO closed the $8.50 gap and is currently forming a bullish wedge pattern.
Entry: $8.27-$8.50
Target 1: $9.65
Target 2: $10.11
Stop Loss: $8.01
Option Entry: BTO NIO 1/19 $10C @ .15
Option Target: STC NIO 1/19 $10C @ .30 for 100% profit
Options SL: STC NIO 1/19 $10C @ .10 for 33% risk
Happy Trading!
NIO's main seasonality is January with 83% win rate (stock is green). We started this year at $8.41 on 2 Jan, which means by 31 January, NIO will likely be higher than $8.41. I'm targeting the 1/19 $10 CALL option (which is currently $0.14), based on positive RSI divergence on the 2hr chart. In addition, NIO closed the $8.50 gap and is currently forming a bullish wedge pattern.
Entry: $8.27-$8.50
Target 1: $9.65
Target 2: $10.11
Stop Loss: $8.01
Option Entry: BTO NIO 1/19 $10C @ .15
Option Target: STC NIO 1/19 $10C @ .30 for 100% profit
Options SL: STC NIO 1/19 $10C @ .10 for 33% risk
Happy Trading!
Transaction en cours
BTO NIO 1/19 10C @ .10 (10 contracts); Target $1STO NIO 1/19 8P @ .37 (3 contracts); Target: $.01
Trade fermée: ordre d’arrêt atteint
NIO hit the stop a few days ago.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.