Exiting LONG positions. Securing Profits.

2021년 3월 5일

Greetings All,

Closed my LONGs on NIO based on bearish outlook (20/50 EMA crossover), will look for short positions on upward retrace around $40-45. NIO may bounce off 200 MA, but I'm skeptical it will rejoin the bullish channel in the coming weeks.

Here's a thought - just who's selling (panicking) and who's buying all these shares up? Supply and Demand 101. You're selling to

Happy Trading!

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2021년 3월 9일

노트

NIO found support at the 200MA, which technically makes the stock bullish. But, I'm neutral until NIO closes above the red trendline, which is acting as resistance