edwardckim12

NIO above major support Daily 200MA

Long
NYSE:NIO   NIO Inc.
NIO's Daily 20MA crossed its Daily 50MA/200MA giving me the idea it'll continue its bullish trend.
I also see price above its weekly 20MA and can potentially be a major support. The bear fade we're seeing now is, IMO, a fake-out. Size in small and fully position yourself close to the Daily 200MA to minimize your risk ratio. Good luck.
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