Bullish on NIO for Auto Shanghai 2021

NIO XPEV TM descending triangle with tight bollinger band contraction, anticipating a big move. With a good outlook on Auto Shanghai 2021, currently anticipating price to move to backtested resistance ~$44 upon bullish confirmation.

Trade active:

NIO has bullish confirmation and we have officially opened a long position. Might be some resistance around 38.72 but if we can get though it, there should be nothing in our way