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.
Note
1st Target Reached. NIO reaches an all-time-high of 59.26. Next TGT is $65
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.