Scott Redler: How NIO Became the Chosen One

In my 2019 Market Outlook Report, I named electric car maker Nio (NIO) -- a.k.a. the Tesla (TSLA) of China -- one of my top plays for 2019.

When it comes to making trading calls, it's easy to have 20/20 hindsight, so let's go back to what I said word for word on page 39 of the report:

Now, we almost did get that break of $6 right after I published the report.

Nio touched a low of $6 on the dot on January 2 -- kissing the danger zone down to the penny!

But then it took off and finally broke over the 8/21/50 day in ate January, even getting to the $8 level from the 2019 Report:

Let's fast forward a little bit now.

It closed strong last Friday, and on Saturday morning, I Tweeted that "it seems like $9.50++ happens in time."

Then on Monday when the stock gapped up on the 60 Minutes Show about China's electric car industry:

That morning, I told Redler All-Access readers "I trimmed some above $9.30" to lock in a nice gain.

On Tuesday, there was just a tiny retracement toward Monday's low before the stock shot up again to hit a new all-time high at $10.64 -- passing that $9.50 mark with authority.

Wow!

Yesterday at 11:52, when NIO was around $10.54, I tweeted on our Private feed that I was smaller in it, but would stay with some to track it:

Then this morning, I told Redler All-Access readers "I trimmed some NIO above $10 and I’ll buy dips selectively."

And here's the chart I posted to the Redler All-Access Private Twitter, saying "now it needs some time to consolidate" though "I do not think yesterday's high will be the 2019 high." 

I'll be tracking NIO closely to see when I can add to it for that all-time high push (if it happens, of course)

You can follow along as I share my plans to handle NIO in Redler All-Access -- plus dozens of other hot names. 

Many people think I only trade big cap tech... but check out my disclosure to see what I've been working with lately:

Positions Disclosure: As of 2/27/2019 at 10:25 a.m. ET, Scott J. Redler was long GERN, ZYNE, CRBP, CGC, BAC, BAC, NIO, GS, PBI calls, TLRY calls; wasshort SPY