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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