NIO has been consolidating within a narrow bull flag for the past 7 days and today it made a decisive break above this flag. Long as it breaks above @ 27.20 with initial stop below the recent pivot low @ 26.35.
Am expecting the bullish trend to continue but may take partial profits at the 1.62% fib extension ($31.80).
Caution! Presidential Election is just round the corner and could be extremely volatile next week. Trade at own risk.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.