Update on NIO: Trading in a bullish channel - breakout yesterday

Sep 30, 2020

This is an update on this analysis below:

Right now it looks like NIO is in this channel with a likely target in the mid-twenties and higher. We'll see if it gets there fast or slow, hence the extended target range.

Oct 2, 2020

Note

Retested breakout zone with a corrective wave and now rebounding:

Oct 7, 2020

Note

For the day-traders... Breakout in NIO could be imminent:

Oct 8, 2020

Note

There it is:

Oct 14, 2020

Note

NIO is now in my target zone:

I am still long and will monitor on the 1hr chart. Ideally I'm looking for profit targets at 26 - 27

Oct 15, 2020

Note

Pleasantly surprised a break above 27. I still have a position. Here is my trailing stop which will be adjusted as structure develops: