bobkingleythrow

bobkingleythrow

Nio broke $5.0 support. Its in a downtrend channel and a bearish breakout of a H&S pattern will be confirmed upon market close. Next target is $4.22 support. The RSI and MACD are also heading lower.

bobkingleythrow

A bullish falling wedge has formed. A breakout above the pattern is bullish whereas a breakout below is bearish in the short term. I the long term, I am bullish Chinese stocks due to China gov put.

bobkingleythrow Updated 

Nio has broken the 5 month downtrend channel on high volume following good earnings. Next target is $5.65

bobkingleythrow Updated 

Nio broke out of downtrend channel. Next stop $5 resistance. On the weekly, it broke above its 10 MA. It will target its 20 MA next.