NIO Stock Analysis | Best Stocks of 2020 | Winning Characteristics ft. Ray from TraderLion

NIO was one of the Best Stocks of 2020 and well worth the time to analyze in this Winning Characteristics series. Ray and I will be going through price and volume of the biggest winners of 2020 to look for institutional clues and edges. NIO exhibited many winning characteristics including respecting its key moving averages, constructive tight areas with dry ups in volume as well showing relative strength during corrective markets. NIO is setting up again in 2021, we'll see if it can make another run.

IBD's Best companies of 2020: https://www.investors.com/research/be...

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Have a good one!

-Richard
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Timestamps:
0:00 Intro
0:28 How To Make Make the most of the Winning Characteristics Series
3:46 How To Have stocks like NIO on your Focus List (HTF Scan, Price New High Scan)
7:50 Low Volume During Corrections
13:00 Tight Action during Market Weakness
13:50 Does Ray look at Fundamentals?
16:00 Moving a stock from the HTF list to the Focus List
16:38 Ray's Buy Point- Tight in the wick action after 23 ema Undercut and Reclaim
17:00 Wick Action Definition- SEDG Example. Sign of Resilience
20:55 Volume Pillars during Continued Move
21:12 The only thing we know in the markets is what our risk is going to be
21:40 If you are following price and volume, focus on that and what the stock is doing not how much it is up on the year
22:47 Constructive Tight Areas with Dry Ups in volume
25:00 Position Management, When/why do you scale out
27:00 With a cushion, watch on an end of day or end of week basis
28:58 Ray Scales when he is feeling portfolio pressure
30:33 Does Ray add to his core position
32:51 Main Price and Volume Characteristics of NIO. Respect for Key Moving Averages
34:13 Changing to longer term time frames if you have a cushion. 10 Week Line
35:00 Current Price action of NIO, Base analysis
36:20 Mark up your own charts! Train your eye


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Music from Absent Mind:   / absentinlife  
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Disclaimer
The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything