Broked the symmetrical triangle. Heading to lower buy zones
Downward Channel formed, possibly Reverting back to the mean in the low 30s which would take it back to the original Rising Channel.
Nio is consolidating very healthy, looks like it is forming a sideways window setting up for earnings breakout. EOY target of $55-60
Watch for a potential pullback thru earnings. Currently trading at the top of the channel with a head and shoulder arrangement.
has hit upper limit of descending triangle, Lower retest of sub 200 or lower if breakdown.
Wait for a pullback and consolidation. Earnings are still 2 weeks out on November 17th.
Currently trading at upper bound of channel, Could see Sideways trading until November 17th Earnings
Bullish Pennant Imminent Breakout
Bullish Pennant Breaking Out for $250 Target
Trading in sideways healthy consolidation, building up energy for the next leg up. Earnings and October delivery numbers tentative to be reported in November. Watch for a breakout setup. $40-50 by EOY.
-Possibly range bound at between 28-31 until around earnings and October Deliveries for the next leg up to $38-40 in the short term. - Medium Term Target $40-50 still holds -I expect next year to reach $100 plus with the company's foreseeable business outlook and new developments, production capacity expansion, and new Sedan in the works for 2021. -An even...
-Currently trading in range bound. Very healthy consolidation. The longer the consolidation, the more energy for a bigger and higher leg up. -Any good news will breakout of the Bullish Flag before delivery numbers reporting in November. -Short-Medium term target of $30 -Medium term target of $40-$50
Possibly range bound by early November (earnings) for a target break out to $30s at the 1.618 Fib extension
After the 3 days pop, Nio stock could see some sideways consolidation action until upcoming earnings estimated in November.
Healthy Consolidation. Watch for a near term breakout to next new highs.
Apple stock is currently at its lower channel holding support which coincides to an Elliot Wave 4 for a a potential 137% move to the upside to hit $250 at Wave 5.