NIO - High Tight Flag - 2020-10-13

NIO Trade Analysis:

• Entry 1: 1-minute ORH
• Outcome: The stock failed to gain momentum after entry and closed below the 10 EMA, likely triggering a stop-out.
• Entry 2: Formed a short flat base and provided another entry after breaking out of the previous level.
• Gains:
• First trade: 6.7%
• Second trade: 51%
• Trailing with 21 EMA: 84% gain by staying in the trade.

This trade highlights the importance of re-entering strong setups and using a wider trailing stop like the 21 EMA to capture bigger moves.