Still hodling my $52 Buy. Undeterred. We go higher. Why Panic?

20 Oca 2021

Unfortunately the Nio momentum has pulled back due to the overall market sell off last week.

Now we should be back on track

Technicals:
-The Tom Demark count on 4 Hourly is on a red 8. Red 9 Buy coming for tonights trading session.
-4HR 20 MA support should probabilistically bounce the price
-Trend is up - Assume the trend, buy on dips.

Still holding my $52 Buy, If this moves up, will be moving my stop loss to 58 and would also take profits above 60.

Good luck all

20 Oca 2021

Not

Please check prior posts on why I have decided to buy the $52 area

21 Oca 2021

Not

Leaving the trade just based on 3 bars passing despite a 9.
Tesla's break out triangle also starting to look like a fake out.

Take the profits home! Take home the cash.