$NIO Inc (NIO.US)$ higher lows and higher highs

corbotron OP : if this breaks 5 you might see a huge run up on a squeeze situation

Digitanium : I don't understand why someone would believe the stock price performance would be tied to technical analysis, like higher highs lower lows etc. Nio is a manufacturing company that produces EVs that only get sold if the market demands it. There are competitors to fight, workers to pay, financing costs, capex at play here, and all these would depend solely on company direction and leadership. it's not as easy as "higher high, lower lows", or support and resistance. if BYD launches launches a new ev that would travel 1500km on a single charge, any competing companies would drop in share price in anticipation of market share redistribution. Chart patterns like higher high, lower lows won't tell you this?