NIO looks like it's bouncing off the 50dma and breaking out of a bearish pennant. Bearish indicators previously on MACD but that looks like it's shifting to bullish. Bought the 1st bounce @$27.60 and I'll buy again if it breaks $28.30
****This information is presented for discussion only and does not represent advice to buy or sell a security.*****
****This information is presented for discussion only and does not represent advice to buy or sell a security.*****
Comment:
Correction: pennant is not bearish, it just slopes down. It is a bullish pennant because the previous trend was bullish.