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Houdini

01/10/2021 20:45

$NIO Inc. We can assume an $8 move tomorrow, either to $68 or $51 give or take. my assumption looking at how $Bitcoin is falling is a red day tomorrow.. $TESLA has also been rocketing, I expect a pullback here which can drag NIO down with it

There is also a lot of fear around china’s delisting still.. Although I doubt NIO will get delisted, One bad news can make NIO crash down as fast as she went up

Assuming theres 72% on calls, I cannot see them letting everyone profit on this.. 97% of traders holding this rn are profitable, I think they will take some back

We have also reached a huge level of resistance here around the 58-59 range! Im not saying itll move the full $8 but that is definitely the range we can expect

another possibility could be a gap up around 64-65 in premarket and then a pull back to building a new support around 58-59.

Ive decided to hold puts through the weekend! If this 64-65 range hits i will look to add here and get out with profits on the pull back

Overall NIO is a great long hold, I see $300 by EOY and $70 by EOM
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.

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All Comments(11)

voi***com01/10/2021 22:04
Bitcoin has nothing to do with the broader market. Infact, the opposite has happened more times than not. Pay attention to the S&P, Dow, Nasdaq, Futures, Volatility, Foreign markets for that info.

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🧨CKelch🧨01/10/2021 21:47
BTC corrected on the daily and immediately squeezed back up. I dont see a drop tomorrow buddy.

Houdini01/10/2021 21:48

Still down 6% 🤷🏻‍♂️ dont really know what youre referring too lol

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Northern Lights01/10/2021 21:29
the trend up just started but i see your point and it makes sense.

Houdini01/10/2021 21:30

Guess well find out in about 12 hrs lol

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Cza***com01/10/2021 21:15
It depends if investors panic i think investors are not worried

Houdini01/10/2021 21:24

Its not about being worried, its about profit taking.. this just had a $20 move within a week

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3EBInvstMntsGp01/10/2021 21:05
🤡 take a good look

442****17201/11/2021 00:10

^

Houdini01/10/2021 21:06

Lol.. if you dont think news like that is meant to trap you, you have another thing coming 😂 these types of articles are meant to confuse you

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dep***com01/10/2021 21:03
If it does the same thing as Apple, Tesla and every other stock with a hyped of event there will probably be a 10% to 20% sell-off. For people swing trading this stock I hope you took profits on Friday.

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MacMilly01/10/2021 20:57
Haha assumptions? Get out of here

Houdini01/10/2021 21:00

By that comment I can tell you have a lot to learn.. GL

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$$$$$01/10/2021 20:51
what does bitcoin have to do with Nio? does Nio mine crypto? dies Nio have any investments in bitcoin? what is your connection to Nio and bitcoin?

Houdini01/10/2021 21:01

Lol.. you dont think the overall market has been on crack? 😂

khi***com01/10/2021 20:57

Bitcoin been on crack you can’t even compare that to the overall market 😂. It just hit 40K!

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Bullish only01/10/2021 20:51
Bitcoins already recovering

Houdini01/10/2021 20:52

I think it will fall more, look at the chart! That was a massive move up, needs to fill some gaps but lets see 🤷🏻‍♂️

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Shovel362 01/10/2021 20:46
Bitcoin ?

Houdini01/10/2021 20:47

Bitcoin is tanking right now! I assume a red day on the market tomorrw

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