NIO Inc.
Long
Updated

NIO Cup and Handle Formation

498
This has taken a lovely shape and is approaching a long term diagonal support.

The 76-82 mark is my target based on my wave analysis and 50 will be my stop loss.

Enter only when it breaks, even consider waiting for consolidation to confirm support.

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On the daily, you can see that the Stoch RSI is very low and is due a movement upwards snapshot
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Weekly with very low Stoch RSI also. This seems to good to be true - Perhaps it is - snapshot
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Quite the task attemtpting to leabel the waves on this one, this is my most honest count - snapshot
Trade active
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Looks to have broken out of the handle with what looks like a retest (circled yellow) - snapshot

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