Uptrending nicely.
Ascending triangle + support on trend line + MA20 hold as support.
Stop < 18.5$
Ascending triangle + support on trend line + MA20 hold as support.
Stop < 18.5$
Comment:
Waiting for a proper entry. currently down 2% in pre-market
Trade active:
Buy @ 19.27 end of day
Comment:
What a volatile day. NIO fell more than 5% to 17.6$ below the support trend line, but then many buyers came into the picture and send NIO back up to close above trend line.
Very positive hammer candle that might send stock up to 20$.
Keep track tomorrow
Very positive hammer candle that might send stock up to 20$.
Keep track tomorrow
Trade closed: stop reached