$NIO $DKNG Excellent Setups
Nio and DraftKings are two stocks that have nice set ups in terms of risk to reward.
Chinese stock Nio has had an explosive 2020. It has been consolidating nicely over the past few months and is now starting to emerge with volume. I have been seeing strength in some Chinese stock recently, specifically $JD and $Baba. I made a post about $JD here. I have a position in Nio with a stop loss just under $13. You can see my original post about it here.
DraftKings, $DKGN, is also showing strength with volume coming in. This has been a monster in 2020 and it originally came across my radar from my brother who traded it for a big gain in June. I have been waiting for this one to consolidate for quite a while and now it is starting to move. With a stop loss in place around $32.50, I feel it overs a nice risk to reward. You can see my original post about DKGN here.
Full Disclosure: I currently own DraftKings and Nio.
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