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Successcor
Aug 26, 2020 2:48 PM

NIO going to $25 after filling the gap at $17.90 Long

NYSE:NIO60
NIO Inc.NYSE

Description

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NIO is going looooong, but first we need a small pullback to the 17.80 area.

So, it's short-term SELL.
Medium-term BUY

Comment

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As I said, we closed the GAP, and anytime soon NIO will resume its climb up.

TARGET 1: $22
TARGET 2: $25
Trend AnalysisNIOnioincchinesetesla
Comments
alasfoor
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you are right this time ..good job my friend :)
Successcor
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@alasfoor, it could also have happened as you said... thank you!
alasfoor
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Nio has two gaps before not filled yet ... it's become part of the trending line ... I don't think it will pullback to the gap, but when finding a resistance line will pullback to one of the fibonacci retracement lines.
Successcor
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@alasfoor, yeah thats interesting, maybe you are right, we will see. Thanks
Partheev
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exactly what im thinking
Successcor
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@Partheev, Brilliant!
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