After Delivery update NIO keep the uptrend. Right now they are around 179% above last year delivery. EMA at 9.49 , SMA 200 at 7.37 and the RSI is a overbought at 72. This 30 min chart it's clear that bulls are in control at the moment and it can keep the rally next week because of the positive news about deliveries. I spoted an old resistance at 10.70 of 2018. This resistance could be our new resistance to break. There is another one around $13.90 (price of the IPO Date first week in extended hours). I think If the stock keep above that SMA 200 Line and Keep trading candles above that EMA , NIO can reach higher this week. I'm long term in this stock I think it have a good potential if they reduce the cash burning.
***Remember***
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.
***Remember***
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.