learn2trade

NIO: Not Giving up on you!

Long
NYSE:NIO   NIO Inc.
As the weekly chart shows, NIO successfully tested 50 Weekly MA closing the gap b/w $30-$34 at the same time.

Although volatile, I believe NIO is a great company with a chance of long-term success and the recent pullback / shakeout provides an excellent buying opportunity in my opinion.

Please do your own research and let me know if the idea makes sense to you :)

Happy trading / investing!
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