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A close above $50 and I'm a Nio Bull once again.
NIO Inc.
Long
A close above $50 and I'm a Nio Bull once again.
By TraderGG100
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Dec 31, 2020
7
Dec 31, 2020
NIO has broken out of the triangle consolidation to the bullish side - That quells a lot of the bear fear in this stock.
A close above the prior swing high ( approx $49.60) and it is a clear Long for me.
MACD daily about to cross over to the bullish side
50D Bounce of with continuation to the upside.
Tesla Breakout out as well - Hence Nio should follow suit.
Technical Indicators
TraderGG100
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