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Aug 20, 2020 1:38 PM

NIO - Bullish Continuation Pattern Long

NIO Inc.NYSE

Description

All the items are there as they should be on a textbook triangular bullish continuation pattern.
- Decreasing tops and increasing botoms
- Decreasing volume
- Previous bullish trend and rapid bullish move
- 48 days length from pole to apex

I expect the price to make a sudden move in the next 10 days towards the upside.
My first targets are:
TGT1 - 16.7
TGT2 - 23.3

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