NIO, Inc (NIO)
Today’s Chart of the Week is NIO, Inc (NIO).
This stock came up from our Under the Hood report that noticed a massive increase in trader attention.
Once we overlaid our technical analysis on top of that big momentum, we noticed a home run.
We’ve got a massive multiyear base going on.
First we saw a nice breakout, followed by a consolidation, and now it’s breaking out again.
This is a textbook uptrend which we expect to continue.
We are LONG above $18 with, with a profit target of $28.
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