NIO - Bullish ABCD Pattern
Looking for a run up to $38-40 level. If it breaks the channel, we could see a run to $43-44. The next level is $53. Beware of regulatory issue in China. Looking to cut EV subsidies. This may overshadow price movement/momentum.
Note
Also looks like the TTM squeeze is beginning to indicate bullish sentiment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.