$NIO Bullish Upgrade

In my last post, I suggested that $NIO needed a new low, at a minimum, in order to complete its correction. It has struggled to do so and I’m now going to drop that call. Sometimes these setups deny us the ideal entry, and I have a further reason to do so: both $TREE and $PLUG have very similar structures and both of them were able to make new lows. I now think they will all rally together (the connection is obviously “growth stocks”).

I am now targeting the orange box (note the potential micro inverse). It may still eventually make a new low at some point, but for the moment, I think it’s going up first.


[UPDATE]: We have reached the target range. I will need to observe it now to see if we get a 1-2 pump.


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.

One thought on “$NIO Bullish Upgrade”

Leave a Reply

Your email address will not be published.