I will give both due to all the movement on NIO in the last month or so.. with that being said I still believe its bullish and on the uptrend.
Remember holiday week, its short. I would recommend 12/4 contracts, instead of the 11/27 since you markets are closed Thursday for Thanksgiving and close early Friday.
LONG : NIO
Break of 50.73
Target 1 - 52.5
Target 2 - 53.14
Target 3 - 54.5 is major resistance
SHORT : NIO
Break 45.62
Target 1 - 44.70
Target 2- 42.90
Target 3- 41
Target 4- 37.05 is major support
LOW VOLUME this week due to holiday, use RISK MANAGEMENT !
Happy trading fam , Lets get this bread
Remember holiday week, its short. I would recommend 12/4 contracts, instead of the 11/27 since you markets are closed Thursday for Thanksgiving and close early Friday.
LONG : NIO
Break of 50.73
Target 1 - 52.5
Target 2 - 53.14
Target 3 - 54.5 is major resistance
SHORT : NIO
Break 45.62
Target 1 - 44.70
Target 2- 42.90
Target 3- 41
Target 4- 37.05 is major support
LOW VOLUME this week due to holiday, use RISK MANAGEMENT !
Happy trading fam , Lets get this bread