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.
Not
1st Target Reached. NIO reaches an all-time-high of 59.26. Next TGT is $65
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.