NIU Swing

NEW UPDATES BELOW



 China stocks are in a very interesting spot. V tight, low vol ranges, bottoming patterns everywhere, looking to turn up. NIU one of those that 'just needs a bit more' to look a lot better. So I want it ahead of the game. KWEB also nearing ATHs breakout. This probably will not be the only play on China names soon. Looks like big things coming. 

Entry
hi with aggro/bo level

Stop
Closes back under/fails

Expectations. 
China to help, mainly. Should be a pop and never come back to start trending again. 

PT
there is nothing in the way to ATH. Some old bo levels at 33.50 - 34 may come into play, but if sector theme is here, will hold to ATH. 


Strong all day, big flag above prev hi, in on new break going into HOD then D bo. May add again. China stocks in position for big moves. 

Kept going added closer, almost ITM call. Want to see how close ones perform relative to further out. Seeing good vol come in, above avg. 

Held on as long as it could during market dump, came to prev hi and saw big vol bounce reversal. Added here.

China names did not collapse as much as the rest of the market. There is rel strength here, added as it is also stop area. Options are price the same as my entry, despite being lower than where underlying was at the time. Strength. 

Sold my ITM call as it was too volatile, too uncertain. Tiny L. 

Added once more as we are ripping into the close, gotta be a short squeeze to end this day. Other china also ripping higher to end. Might actually end up closing above BO level which would be real nice. 

Closed strong, looks great for more if we want it. Sector perking up, breaking out.

2nd day

Held well all day, added another. Looks better still for more if we can get a strong recovery tomorrow, if not might have to exit on big failure. Potentially a short play. 

3rd day

Super strong open, great pop, nothing in the way until 32 for 50% retrace.

Is also odd TL just above 32 as well. I am pretty big here. Will take off 1 today if we hit 32. 

Big option vol pick up. Already at prev days vol. 

Sadly EEM/KWEB stocks are pretty weak today. Dragging NIU down with them. Might be seeing a bottom now, but need to cut the size down if it does come all the way back on me, which 80% of it has. Will take 2 off for small profit if comes near breakeven. So far holding up well. 

Horrible failure. Cut in half. Tiny loss. 

Sad, eem/kweb stocks not holding anything, just giving it up, might bail completely on this trade if we do not recover soon. SPY and QQQ looked super strong, only to completely turn bearish as well. Might see another big sell today. Getting choppy. 

market and NIU trying there hardest to hold here. 

still trying, showing better signs. 

showing signs it doesnt want to recover. Too many trapped buyers, market pulling up but we are not following. Low vol attempt TL break higher. Will have to exit soon unless things change.

Well made its way back to big bo level, still well under vwap. Saw a quick reject not surprising. Market also breaking down QQQ new lows. Sector not helping either.

Lost 30 and made new pivot low as market kept dropping, all out. 

Will look to get back in if looks strong again, but overall a big failure. 

-----------------------------------------------------------------------------------------------------------------------

DEC 30th

Back in it again with new setup. Failed breakdown getting bought up 



Industry + failure + retest + trendline break looking good again for a move to test recent highs. Oddly though, seeing huge puts come in, action is good though no problems holding so far.

In as it got above HTF zone and made real nice flag. Added later on on break, and new HOD break.

I went pretty OTM on this, options are a bit strange as most volume is on the OTM calls so ill follow them 

Basically made awkward bull flag all day. Hit vwap, found big vol on move back up. 

A good close, not super strong, but def not weak. Getting into MA mess just ahead of us, really need to see 29+ break and hold 

This is not one of my best setups. I need to be protective on this one, not aggro yet. TL break is still a ways away and 30 will be a big level to get through as well. Cant keep risk on when im not super confident, trade will have to give it to me. Good start, but ways to go before I can consider this a major potential.  

Out if 28.15 cant hold or if doesnt look like itll hold 28.50 after a couple hours. 

2nd

Super weak all day. Weakest of china auto names. All the way down to stop, Bounced, hit level, rolled over lower, Cutting most ahead of main stop. Losing too much. 




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