NIO Swing Long - Double Bollinger Band BreakoutHey,
Thanks for checking out my trade idea. Please feel free to follow me and like this idea.
NIO has been in contraction, and as of the last 3 daily candles it has begun to expand. I'm looking for follow thru expansion this week, very similar to the PINS move that occurred last week. The size of NIO's contraction box is roughly $5.5. Therefore, my targets would be $26.5 to $32. One to two times the size of the box within the next 5 to 10 trading days.
As always, we only trade confirmed Double Bollinger Band Breakouts.
