NIO Inc.Long
Wait for break-out above resistance. Target: $23
Greetings. I'm still bullish on NIO, given the symmetrical triangle pattern, which is neutral and slightly bullish since it formed after an uptrend. The accumulation/distribution line indicates that the market has been slowly and steadily accumulating shares before the anticipated breakout. If price breaks above resistance, the target is $23 which is a 1:1 ratio of the base of the symmetrical triangle.
Happy Trading!
Happy Trading!
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