A few hours ago, Nio entered our green retracement zone slightly and triggered our limit orders. This stock could drop even further at this point, but nevertheless, we want to open a first position. We estimate that this correction only represents a small wave (a) and a wave (b) - wave (c) should follow!
We are going long with the following parameters, a more detailed update will follow!
Long #1 Nio Incorporation ($NIO)
AVERAGE EXECUTION PRICE: 11.62$
STOP-LOSS: NONE | Trades can set their stop-loss below 7.00$
LONGTERM TARET: I 80$-100$
Note: Keep in mind that we at Mendenmein Capital have a very well-structured strategy and a professional risk-management. Besides from our crypto portfolio, we are well positioned in different stocks and industries, keep this in mind when choosing your asset allocations. Don't risk more than you can afford to lose.