nicktussing77

NIO TRADE SETUP

Long
NYSE:NIO   NIO Inc.
NIO flagged as an alert for me, so I wanted to get this chart out as a possible trade setup. It's looking like right under $9 would be a decent buy. I really like the possible movement between $9 to $14.

Obviously this move isn't likely to occur overnight so expect resistance on the way up.
Also, we need to be aware of the downside which is a price gap.
Stop loss zone is labeled.

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