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msss2019

NIO Long - Price holding at support, ready to rise

Long
NIO Inc. (NYSE:NIO)  
msss2019 Updated   
NYSE:NIO   NIO Inc.
Trend Analysis Chart Patterns NIO niolong
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trendanalysis chartpattern nio niolong
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:
"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."
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