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StockBrosResearch
Oct 6, 2020 2:35 PM

NIO forming a bull flag/pennant above break out zone Long

NYSE:NIO1D
NIO Inc.NYSE

Description

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NYSE:NIO is forming a bull flag above a previous break out zone. The volume patterns are also bullish as there is higher volume on days where the stock closes higher rather than on red days. A break out of this flag can see NIO go to 24-25

Trade closed: target reached

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Blew past all targets.
Trend AnalysisChart PatternsTechnical IndicatorsNIOniolongelectriccarslongideastockanalysisBullish FlagBullish Pennanttradeidea
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