Update on NIO: Trading in a bullish channel - breakout yesterday
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.
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.
Note
Retested breakout zone with a corrective wave and now rebounding:Note
For the day-traders... Breakout in NIO could be imminent:Note
There it is: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
Note
Pleasantly surprised a break above 27. I still have a position. Here is my trailing stop which will be adjusted as structure develops:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.