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$NIO looks good here
NIO Inc.
Long
$NIO looks good here
By goledger
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Updated
Feb 2, 2021
1
Feb 2, 2021
Sitting at lower limit of 1 std deviation channel.
Currently at same price as Jan 15th and Nov 24th.
Selling off from Jan 11th, post NIO-day rally (where it gapped opened almost $7).
Note almost every day since Jan 11th has been on below average volume.
I think
NIO
closes February closer to $70 than $60 (upper half of the linear regression channel).
Feb 2, 2021
Note
Surprised by the selling today (2/2/21) but note the low volume.
Might just be more traders interested in trading big
NDX
names during the earnings release. Just not many buyers for the
NIO
and
XPEV
right now.
Feb 2, 2021
Note
Added some
XPEV
today. Which appears to be trading in tandem with
NIO
Support and Resistance
Trend Analysis
goledger
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