NIU
$NIO - Run finished, go home.Sell your NIOs. The run is over.
Too many gaps in the chart that need to be filled before any new highs are made. Also NIO is announcing a lot of new side-businesses, to make these, they're going to damage their balance sheet on the next earnings which won't help their stock price either.
Low=48
Consolidation = 46 - 54
What will completely invalidate this is if NIO get's CCP'fied and the stock just runs up to some insane price like 400 or more. That's where i'll eat my hat.
How to play this: Short NIO until the gaps are filled and until AFTER these earnings flop, then consolidate then bullish. Buy the consolidation lows and ride NIO to new highs many months later.
Is $SBE ready for a test of $48? Is $SBE ready for a test of $48? Thesis negated below a close of $39.87
Use options to define risk as premium paid.
Suggested options to use: Feb 12th Weeklies $50 calls trading at $3 a contract.
NIU BUY OR LONG , TARGET UP TO $29+NIU confirmed the " Symmetrical Triangle" pattern , keep going up strong, i opened Long.
NIU buy : $21.5
NIU target : 29 +-1
Stop loss : 20.5 or 6% .
Wish you a good deal !
I'm thinking Long - Chinese Electric Scooters with actual storesObviously this is not financial advice but given that it's a rather unknown entity and the products, stores and branding looks great - I can definitey see this going higher when more people start to find out more about them. Public Service Announcement I think this is a speccy like NIO. So Please DYOR.
