As the weekly chart shows, NIO successfully tested 50 Weekly MA closing the gap b/w $30-$34 at the same time.
Although volatile, I believe NIO is a great company with a chance of long-term success and the recent pullback / shakeout provides an excellent buying opportunity in my opinion.
Please do your own research and let me know if the idea makes sense to you :)
Happy trading / investing!
Although volatile, I believe NIO is a great company with a chance of long-term success and the recent pullback / shakeout provides an excellent buying opportunity in my opinion.
Please do your own research and let me know if the idea makes sense to you :)
Happy trading / investing!
