NIO Inc. Sponsored ADR Class A
Long
Updated

$NIO Weekly

652
NIO continues to hold the wedge formation. Looking for a break out above or below in the next few weeks. Last weeks' candle looks similar to mid May where we saw a run from $34 to $55 .

My bias is to the upside - first target AVWAP $45.6
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Delivery numbers released and she's still respecting the supply levels. Still waiting for the bigger move...
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Spinning top, looking for a rip next week
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Still watching for the bigger move..

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