UrBullishGrace

NIO waiting to break, pennant on 5min chart

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NYSE:NIO   NIO Inc.
A bit disappointing that NIO coiled for another day with low volume, but we are trading in a tighter triangle than before. It might need another day or two for us to see a breakout soon.

Reiterating we should see a very bullish run-up to ATH $22.59. If we break there, there is no resistance above and will be a quick run-up to the fib127 level again of $24.18.
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