NIO Inc.
Long
Aggiornato

Looking like more consolidation - repeating "steps"

544
The daily chart is indicating more consolidation to form a bullish pennant. Historically, this pattern has repeated in the form of repeating "steps" of consolidation and breaking out to go higher. Next is $33.94 at the 1.619 FIB extension.
Nota
istantanea

We saw a breakout today of the bullish pennant. Let's try to hit our next target of $34.05!
Trade chiuso: obiettivo raggiunto
Target reached at $34.xx. Will assess re-entry upon pullback/correction and consolidation.
Nota
What a beast. We've been taking profit incrementally. What goes up, must come down eventually. Happy trading!
Trade chiuso manualmente
Sold full position at $50. Will consider re-entry upon confirmation of consolidation. We have an upcoming binary ER event - will have to see how the market responds.

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