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NIO Inc.
Long

Pending Breakout. Target $19

By chiefwils0n
I’m bullish on NIO based on the analysis shown in the graphic. I’m waiting for the breakout with strong volume to confirm the breakout. I also anticipate that NIO will want to take advantage of the EV spotlight that TSLA currently dominates. Although not shown on the current chart, the following indicators are bullish:
  • Stoch RSI: 26.97
  • RSI: 60.29
  • ADX: 35
  • Accum/Dist: Very Bullish


Happy Trading!
Chart PatternsTrend Analysis
chiefwils0n
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