Hey everybody and thanks for watching my Ideas and leaving a comment.
We have seen a strong move from NIO the last 3 Month and it's keeping this momentum. There is a lot of fundamental data supporting this momentum on this uptrend. Right now in the technical analysis we can see that NIO reached $16.03 which is a great begining for this morning.
Right now it have a support at 15.30 which is the yesterday resistance. There is something intresting on NIO chart and is that blue trend line. If NIo keep the path above that blue trend line it have a great potential of reaching $17 or $18+ Between Today or Monday, But it have to keep the Line.
If the price break the line then it can go sideways and stay there until it takes direction and the sideways range could between $16.03 - $15.30. Worst case senario if break down it can go back to $14s. I'm long and holding my position at $3.29.
***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.
We have seen a strong move from NIO the last 3 Month and it's keeping this momentum. There is a lot of fundamental data supporting this momentum on this uptrend. Right now in the technical analysis we can see that NIO reached $16.03 which is a great begining for this morning.
Right now it have a support at 15.30 which is the yesterday resistance. There is something intresting on NIO chart and is that blue trend line. If NIo keep the path above that blue trend line it have a great potential of reaching $17 or $18+ Between Today or Monday, But it have to keep the Line.
If the price break the line then it can go sideways and stay there until it takes direction and the sideways range could between $16.03 - $15.30. Worst case senario if break down it can go back to $14s. I'm long and holding my position at $3.29.
***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.
Trade closed: stop reached:
Not enought data at the moment making a New One