SimpleStacks

$NIO 12/16-12/17 Possible Routes

Long
NYSE:NIO   NIO Inc.
$NIO There is a Head and Shoulders on the Daily, but today we broke trend on the downside and settled there with a pick up in volume. If the head and shoulders plays out we will see a rejection at the 200 EMA and possibly downside from there. EV news is hot and Biden in office only confirms that sentiment.

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