murali_ssa

NIO, potential to pullback to 30$

NYSE:NIO   NIO Inc.
I am long on NIO and been holding it ever since it was 2$. From the recent run, I assume NIO has to visit 30$ to establish a good support. For the moment I see it has tested the mid channel of a sub uptrend channel. But as a long term run, if it could test the lower trend line of the sub or super uptrend channel, that will enhance the uptrend greatly and also builds a support at 30$ for strong foundation.

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