Update on NIO: Trading in a bullish channel - breakout yesterday
Diupdate
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.
Catatan
Retested breakout zone with a corrective wave and now rebounding:Catatan
For the day-traders... Breakout in NIO could be imminent:Catatan
There it is:Catatan
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
Catatan
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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