NIO bullish breakout on high volume

2024年9月5日

Nio has broken the 5 month downtrend channel on high volume following good earnings. Next target is $5.65

2024年9月5日

註釋

Also bullish divergence on MACD and RSI.

2024年9月9日

註釋

If nio breaks above the 200 exponential moving average (brown line) at $5.66, the next stop is resistance at $7.

2024年9月14日

註釋

Waiting for consolidation before next move. Might have to wait for Onvo release or the EU EV tariff vote at the end of September. If we break above $5.66, bottom is confirmed after 7 months of range bound price action between $5.66 - $3.55. Looking very bullish so far.

2024年9月14日

交易進行

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2024年9月26日

交易進行

Looks like breakout of $5.66 has held on high volume. Next target is the 2 year long downtrend (orange line) at $7.96.

2024年10月1日

交易進行

$7.77 target reached yesterday. It is a good time to take profits but based on history, China stocks with a bull run fuelled by Government stimulus doubled in most cases. Seeing as Hang Seng Index has only went up 38%, we have 62% up movement on the index so Nio should follow it up. Should have a few months bull run left to run.