NASDAQ:NIU has bounced up from its low of $2.57 in October.
BUT in early December, it tried to break $6 and failed.
Then we had a couple weeks of consolidation.
So far this year, we've tried to break above the previous 2-week candle, but it has failed so far.
I venture that by the end of January, we'll breach the previous 2W candle's low ($4.62) AND continue...
pretty good looking setup entries between 10.50 - 8'ish
first target around 17.9 if they gain it next is 26.3
if they gain 26.3 probably gonna see 43.
17.9 and 26.4 are enough for me to sell it and go look for some other stuff to buy.
Have fun and remember manage your risks
Cheers
Fundamentally NIU is one of the best electric scooter manufacturer brand in china, they increase sell in asia market every quarter of the year.
I have three price target for NIU
37 $ in the end of june
53 $ in the end of august
80 $ in the end of the year.
NFA.
