elliotthforex

NIO STOCK WYCHOFF RE-ACCUMULATION

Long
NYSE:NIO   NIO Inc.
I see a potential re-accumulation phase with NIO stock. The earnings release is on March 1st and is looking to be a postive one so this could be a great catalyst for the stock and fuel a push higher as projected on the chart.

I see $45 as our absolute low where we must bounce. If we can accumulate at this price the stock will be in a great position.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.