NIO Pennant Forming

2020년 10월 6일

NIO is forming a bullish pennant on the 1 hr. time frame. Looks bullish to me but still have to be cautious as covid news could drive it either way. I expect it to hit some resistance at the all time high but if we break new all time highs, I could see the price going to $25 range as the new price target. I could honestly see a breakout within the couple of days. Additionally, I don't see any divergence at the moment so that's a good sign. Look for high volume to confirm breakout. This is not financial advice and I am still a beginner at this.