NIO is the NEO in EV? TA DD

NIO – Neutral – June 14 – 16th Read

5-day SG Read (5/31 data incomplete)

  • Call total – 12% increase (5/25 – 5/28)
  • Put total – 5% increase (5/25 – 5/28)
  • Total gamma – 28% decrease (5/25 – 5/28)
  • Total delta – 250% decrease (5/25 – 5/28)
  • Hedge wall acting as resistance (40)
  • Upper hedging band unchanged
  • Key gamma strike moved from 35 to 40 (This strike is currently considered a resistance line.)
  • Key delta strike moved from 5 – 37 (This strike is currently considered a support line.)
  • Top call o/i @ 40 (🎯 hit and now is acting as resistance)
  • Top put o/i @ 35 (acting as support)
  • 28% of gamma expires on 6/18
  • Call vol – 16% decrease (5/25 – 5/28)
  • Put vol – 6% decrease (5/25 – 5/28)

https://preview.redd.it/09kwmqkte2271.png?width=3124&format=png&auto=webp&s=57863aedc5cedd104f0cc3d7b6afced93add9cb1

DPI (Dark Pool indicator)

  • 5-day DPI avg 49%
  • Current DPI 61%
  • >45% indicates mms are buying

https://preview.redd.it/2ux66namx2271.png?width=2404&format=png&auto=webp&s=0149f75ff28ae91b1ca530a67286300ce076d6b5

TA Notes:

65m timeframe – June 14 – 16th Read – (2/10 fib retracement)

  • Range – 40 – 39.09 (26%) -37
  • If 20 SMMA fails as support – look for 37 test as support – 60, 120 SMMA
  • Look for a 40 break for bullish 🎯 – 42.59 – 43.25 – 44.07 (38%) – 46.48 ⭐️ – 48.11 (50%) – 48.67 on/before 6/16
  • Look for 37 break for bearish 🎯 – 35.61 – 35 – 34.80 – 34.01 – 32.54 – 31.02 (0) – 30.68

https://preview.redd.it/p5fgndo973271.png?width=3400&format=png&auto=webp&s=9da808c838f588622c76a928776cfb2e209f7045

45m timeframe – Bearish – Neutral skew – week of 6/4 (5/24 fib trend extension)

  • If 40 resistance holds – look for bearish 🎯 – 37.95 (23%), 37.24 (38%), 36.67 (50%), 36.10 (61%), 35.28 (78%), 34.25.
  • Look for short-term support @ 20 SMMA (currently around 38.1).

https://preview.redd.it/ju4mbnwu83271.png?width=3400&format=png&auto=webp&s=7aa9bc7b9c57f99556557ac73423ad4694624380

45m timeframe – Bullish – Neutral skew – week of 6/4 (5/24 fib trend extension)

  • If 40 resistance breaks – look for bullish 🎯 – 40.74 (161%), 43.77 (261%), 46.78 (361%)
  • Look for short-term support @ 20 SMMA (currently around 38.1).

https://preview.redd.it/62sdh5dwa3271.png?width=3400&format=png&auto=webp&s=a87de34c94ce727c3763e6f094222de6b4a65b7f

65m OBV

  • Essentially consolidated during downtrend.
  • Bulls need to break 30.59m and hit 🎯 35.09m – 39.01m
  • Bears need 🎯 26.552m – 23.564m

https://preview.redd.it/b735gdgct4271.png?width=3400&format=png&auto=webp&s=7ffb26c7b88b1cb227f70fdbb5cfa16bdfda814b

65m MACD

  • Cross
  • looking for 0.36 break for more downside
  • If bounce – look for 0.74

https://preview.redd.it/ezr4m7j5v4271.png?width=3400&format=png&auto=webp&s=5590e8f21c2fdb58e75d0a97e058b81508561524

65m RSI

  • look for 58.07 break for 50 – 47.04 – 37.21 – 30
  • If 58.07 holds look for 66.97 – 77.07

https://preview.redd.it/sxohpu8rv4271.png?width=3400&format=png&auto=webp&s=7fd5edb08f26f5e94337871cac14f0f497a937fe

TL/DR

  • Expecting dip this week 6/04 to 37-34 range
  • If 40 resistance holds – look for bearish 🎯 – 37.95 (23%), 37.24 (38%), 36.67 (50%), 36.10 (61%), 35.28 (78%), 34.25.
  • If 40 resistance breaks – look for bullish 🎯 – 40.74 (161%), 43.77 (261%), 46.78 (361%)
  • Look for 20 SMMA to break.
  • Looking at 38.5p 06/04 exp.
  • If dip occurs and find new support at 37-34 range will look at 42c 6/18
  • bullish 🎯 – 42.59 – 43.25 – 44.07 (38%) – 46.48 ⭐️ – 48.11 (50%) – 48.67

Thanks for reading,

NightMan

submitted by /u/jjd1226
[link] [comments]

Jump To The Original Source

Share this Story
Load More Related Articles
Load More In Stock News

Facebook Comments

Check Also

Buchanan: Who Is Really Killing American Democracy?

Buchanan: Who Is Really Killing American Democracy? Authored ...

Archives