Keeping an eye on NIO today. I have a position but if it breaks out of this Symmetrical Triangle to the upside with confirmed volume, I will be adding to my position.
Reasons:
1. Volume contracted on consolidation
2. Earnings beat last 3 quarters
3. EV sector.. and China stocks may outperform US in near term due to frothy US market in my opinion.
(other reasons I will not publish)
Please do not take this as investment advice. Make your own decisions.
Reasons:
1. Volume contracted on consolidation
2. Earnings beat last 3 quarters
3. EV sector.. and China stocks may outperform US in near term due to frothy US market in my opinion.
(other reasons I will not publish)
Please do not take this as investment advice. Make your own decisions.
Comment:
Down today on low volume. Sold lots of postions today but holding for now