NIO Long
Uptrending nicely.
Ascending triangle + support on trend line + MA20 hold as support.
Stop < 18.5$
Ascending triangle + support on trend line + MA20 hold as support.
Stop < 18.5$
Note
Waiting for a proper entry. currently down 2% in pre-marketTrade active
Buy @ 19.27 end of dayNote
What a volatile day. NIO fell more than 5% to 17.6$ below the support trend line, but then many buyers came into the picture and send NIO back up to close above trend line. Very positive hammer candle that might send stock up to 20$.
Keep track tomorrow
Trade closed: stop reached
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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.