Trendoscope

Price went up too fast?

Trendoscope Wizard Updated   
NYSE:NIO   NIO Inc.
Price trading above upper Bollinger band of 60 SMA and 3.5 std deviation. ATR is peaking as well. Seeing similar pattern of what happened with RUN and LAC earlier.

Personally will not open any new position until it consolidates. And will not also close existing positions. My sentiment at present is HOLD.

Will wait till next consolidation phase to add more.
Comment:
Took some time. But, it is coming down.

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