NIO has earnings on 4/29. NIO usually likes to rally before earnings. So I'm looking for a buying opportunity right now.
I'm not holding on earnings day, I will probably sell a day or 2 before earnings after reaching my profit targets.
Playing earnings day is a gamble, that's why I always sell before earnings. Buy the hype, sell the news.
Yesterday NIO broke the resistance line, I would like to see NIO to go down and test the (now new) support line and see if it holds
[7:28 AM]
If it does hold, and it bounces back up above the resistance line (yellow dotted line above) then I'm very bullish(edited)
[7:29 AM]
If it fails it'll probably fall down to $35 again, and then start moving up
I'm not holding on earnings day, I will probably sell a day or 2 before earnings after reaching my profit targets.
Playing earnings day is a gamble, that's why I always sell before earnings. Buy the hype, sell the news.
Yesterday NIO broke the resistance line, I would like to see NIO to go down and test the (now new) support line and see if it holds
[7:28 AM]
If it does hold, and it bounces back up above the resistance line (yellow dotted line above) then I'm very bullish(edited)
[7:29 AM]
If it fails it'll probably fall down to $35 again, and then start moving up
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.