As posted yesterday, price is retracing and reacting to Q4 2020 earnings report.
The price is holding steady at 42.xx support which goes as low as $38.00. Price should begin to rise now as things settle down. Long entered here as price expected to rise up to $50+.
SL & TP on chart.
Comment
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"J.P. Morgan: Don’t Say Bye Bye to NIO Stock, Say Buy Buy" "CICC said it maintains an unchanged price target of $85 for NIO, corresponding to a 71% upside."