NIO

21/11 Analysis : NIO
Monthly
1. Strong uptrend (above 20MA)
2. Selling pressure (R) comes from 54.20, buying support (S) at 31.68
3. Parabolic move, the speed at which the stock's price goes up increases exponentially

Weekly
1. Strong uptrend (above 20MA)
2. With few hours left to wrap up the week (16/11). The candle seems like it's gonna close near the high (maximum power of bulls)

Daily
1. Strong uptrend (above 20MA)
2. On 18/11, buying support comes in at 42.50 (rejection of lower price), candle 19/11 close above 18/11 high and is also a buy confirmation
3. Follow through candle open higher (20/11)
4. Volatility decrease

Hourly
1. Strong uptrend (above 20MA)
2. I see 2 possible chart pattern
a) Symmetrical triangles
- Break at 19/11 @ 23.30
b) Double bottom (neckline at 49.36)
- Break neckline at 20/11 @ 22.30
3. Volatility decrease

Trading Plan
R : 48.81
S :
EP : BO resistance (higher than R, around 48.81)
SL : Break down support (lower than S)
Risk : (EP-SL)
TP 1 : 50.58
TP 2 : 54