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$NIO - Flag Breakout - Anticipating New Highs

Long
NYSE:NIO   NIO Inc.
$NIO broke out of a month-long symmetrical triangle at the end of 2020 and formed a new high. It's been consolidating at highs for 2 weeks and broke out on Friday 1/22.

This opens up some new upside targets:

  • TG1: 62.89
  • TG2: 64.35
  • TG3: 66.72
  • TG4: 68.97
  • TG5: 71.38

  • Invalidation under: 59.30

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