NIO flagged as an alert for me, so I wanted to get this chart out as a possible trade setup. It's looking like right under $9 would be a decent buy. I really like the possible movement between $9 to $14.
Obviously this move isn't likely to occur overnight so expect resistance on the way up.
Also, we need to be aware of the downside which is a price gap.
Stop loss zone is labeled.
Obviously this move isn't likely to occur overnight so expect resistance on the way up.
Also, we need to be aware of the downside which is a price gap.
Stop loss zone is labeled.
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