NIO potential breakout with multiple confirmations
NIO is currently in a volatility squeeze and has broken the significant level within the trend pattern that has led to a large break out multiple times (Within the current trend)
One precaution to consider is that the uptrend is getting a little long in the tooth when looking at it from a Fib Time Zone extension perspective
One precaution to consider is that the uptrend is getting a little long in the tooth when looking at it from a Fib Time Zone extension perspective
Nota
Very similar breakout pullback from high following the handle break on OCT 29-30, 2020Trade ativo
Position open 2/10/2021Shares at Average $61.30
19 March 21 - $65 Call
Trade ativo
Current Stop at $58.20Nota
Following projected price pattern indicated by the green line directly above the daily candle.Price action indicates that the is clear accumulation around the $60 mark.
Filled the demand jump in volume from Feb. 9th from $59.70 - $60.50. (anticipated)
A break below the intraday low from Feb. 9 ($58.24) would cause some concern in short-term upside
Nota
Not the best confirmation following a squeeze candle that NIO has seen in the current uptrend, but in my opinion still a bullish result
Nota
Trade ativo
Held $56 demand well
looking for break of red line to test above demand
Nota
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.