Taking into consideration external factors such as Nio's continuously increasing production and sales numbers; I am very bullish on their price action for the coming months. Nio's daily chart is forming a beautiful descending triangle and I am currently anticipating a bullish impulsive movement to the upside. Price is currently sitting in a key demand zone coincided with a bullish convergence on MACD; this leaves me very bullish on calling bottom on this future stud of a stock. Long NIO at current prices Stop Loss just below $30. This is a long term position. Not Financial Advice.
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