Breakout Confirmed! Tgts: $57.33, $65
Greetings,
I'm long NIO based on the breakout from the bullish pennant pattern formed on the daily charts.
Daily (Bullish)
1. I anticipate a retest of resistance at $57.33. If it breaks resistance, next target is $65.
2. Bullish Volume
3. Bullish Momentum. Squeeze Lifted
4. Bullish MACD crossover
Weekly (Bearish)
1. Gap-up on weekly chart (bullish).
2. Bearish volume.
3. Bearish momentum.
4. Bollinger band breached (bearish).
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
I'm long NIO based on the breakout from the bullish pennant pattern formed on the daily charts.
Daily (Bullish)
1. I anticipate a retest of resistance at $57.33. If it breaks resistance, next target is $65.
2. Bullish Volume
3. Bullish Momentum. Squeeze Lifted
4. Bullish MACD crossover
Weekly (Bearish)
1. Gap-up on weekly chart (bullish).
2. Bearish volume.
3. Bearish momentum.
4. Bollinger band breached (bearish).
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Nota
1st Target Reached. NIO reaches an all-time-high of 59.26. Next TGT is $65
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.