NIO, back with another one, strong 2020 finish still in progress

2020年12月19日

Well guys, I dont think anyone saw that offering coming, as we say, anything can happen in the stock market!

I've made some adjustments to the previous chart.

We can see a clear break out of the falling wedge, and a nice move over the POC on the volume shelf.

Green lines are support/resistance. Purple line indicates a pure bullish takeover.
Huge spike friday possibly indicating big short positions being closed.

We've completed the pullback(imo), and are ready for a fresh run.

Catalyst:
Biden in office with his new advisor, who is a Blackrock advisor( Own over 50 million Nio shares)
Possible rollout of new sedan model
New deal for 100 charging stations across china
NIO day
Upgrades to autonomous technology
Possible update on robotaxi plans

Risks:
US-China tensions
Any risks of delisting
More share dilution

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Good luck all happy trading this week!!