NIO has been consolidating within a narrow bull flag for the past 7 days and today it made a decisive break above this flag. Long as it breaks above @ 27.20 with initial stop below the recent pivot low @ 26.35.
Am expecting the bullish trend to continue but may take partial profits at the 1.62% fib extension ($31.80).
Caution! Presidential Election is just round the corner and could be extremely volatile next week. Trade at own risk.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Am expecting the bullish trend to continue but may take partial profits at the 1.62% fib extension ($31.80).
Caution! Presidential Election is just round the corner and could be extremely volatile next week. Trade at own risk.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.