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NIO Inc. Sponsored ADR Class A
Long
Updated

NIO Breakout

456
NIO breakout. Breaking through a downward trendline(blue) and bouncing through a 23.6% fib retracement (red zone) on the weekly chart. Ichimoku lagging (white) in bullish position. Moving average crossover (blue and red line) in bullish position. 20 period moving average (yellow) in bullish position. Ichimoku cloud offering support with the 23.6% fib line.
Note
Closed 46.03
Note
Correction, yellow line is 200 period MA
Note
Additional support can be found in the bull trend line (not on chart)
Trade closed manually
Trade started out great then pulled back down. Need to monitor RSI in the future to find an exit point.
ArchersWingman
Remember: The market can do whatever the hell it wants.
I am not a registered advisor and everything is for educational purposes only.

I accept tips!

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Chart PatternsIchimoku CloudTechnical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsIchimoku CloudTechnical IndicatorsTrend Analysis
ArchersWingman
Remember: The market can do whatever the hell it wants.
I am not a registered advisor and everything is for educational purposes only.

I accept tips!

BTC wallet:
3DY8CFkDXhPjLBvSqhZ2MmR4rLJEWKAPeT

ETH wallet:
0xDcf53630455141CA22fFCF7b97F659ab7b5791b4

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.