NIO Inc (US: NIO) Strong upside is set to continue after the stock has repeated broken out of the larger pennant and the smaller flag previously. As such, the stock is set to potentially breaking new high based on the technical presented:
*Timeline of the trade is 3 weeks from the date issued.
CHART LEGENDS
Ichimoku Kinko Hyo
Red dotted line = 9 Periods Tenkan-Sen
Blue dotted line = 26 periods Kijun-Sen
Purple Line A= 26 periods Senkou Span A
Purple Line B = 52 periods Senkou Span B
plotted 26 periods ahead
Green line = 26 periods Chikou Span. Lagging line
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