NIO Bullish Idea
So looking at the weekly, we are finding support on the 200SMA. We are also following a decending trend line which is the base of a falling wedge in my opinion. I believe 2022 will be a breakout year for Nio. Taking a 2000 share position here as well as 3 Jan 2023 $40 leaps.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.