NIO's floor reached? 30% upside on the go?! 26.1 Long

NIO Inc.NYSE

Description

⋅ Jan 26, 2024 5:42 PM

Bounce from $5.75 weekly floor of stretched trend-line connecting 6 lows in 3 years.
This could easily lead back to the weekly roof at around $9 with a swift 2-4 week movement.

A break below $5.75 would allow for $4.83 to be tested.

Comments

interestingTun84433

⋅ Jan 27, 2024 2:37 PM

when would we see an effect of the Chinese stimulus

Exactus

⋅ Jan 27, 2024 9:33 PM

@interestingTun84433 who says we aren’t seeing it? Setup is bullish

jacobrmadsen

⋅ Jan 27, 2024 11:46 AM

How is This only 30 %

Exactus

⋅ Jan 27, 2024 9:32 PM

@jacobrmadsen 30% and beyond ;)

SabahEquityResearch

⋅ Jan 26, 2024 7:31 PM

Great analysis

Exactus

⋅ Jan 29, 2024 10:35 AM

@SabahEquityResearch, thank you!