magicman

NIO Bullish Idea

Long
NYSE:NIO   NIO Inc.
So looking at the weekly, we are finding support on the 200SMA. We are also following a decending trend line which is the base of a falling wedge in my opinion. I believe 2022 will be a breakout year for Nio. Taking a 2000 share position here as well as 3 Jan 2023 $40 leaps.
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