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Nio Buy Point

Long
NYSE:NIO   NIO Inc.
Looking to buy NIO at the 50sma. A cross on the MACD can get to my target soon. There im looking for a bounce to retest ATH. this theory will play well if we dont have any systematic selloff. Buying shares at $50. If we break the trendline the next hard support is the 100sma ($35-$36)
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