$NIO a technical blessing 👁‍🗨

Updated
*This is not financial advice, so trade at your own risks*

*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*

*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management

My team entered Chinese Electric Vehicle company NIO today at $22.50 per share. Our first take profit is set at $27.50. We also have a stop loss at $21.

OUR ENTRY: $22.50
FIRST TAKE PROFIT: $27.50
STOP LOSS: $21


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Note
Omicron variant spike spread fear throughout China over the weekend. We think it would be wise to look for an exit today once price recovers higher to free up capital to invest into Yellow Corporation YELL which is offering a better opportunity. We will decide before the market closes today and give an update.
Trade closed manually
Nows not the time. We're exiting with a loss, but this isn't necessarily a bad thing. We will be able to grab more shares at lower entry once it finishes its next correction. If you're afraid to take a loss or put your capital into what's actually going to make you money, then this isn't the occupation or side hustle for you.
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