Long

NIO - Bullish ABCD Pattern

Updated

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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