I will give both due to all the movement on NIO in the last month or so.. with that being said I still believe its bullish and on the uptrend.
Remember holiday week, its short. I would recommend 12/4 contracts, instead of the 11/27 since you markets are closed Thursday for Thanksgiving and close early Friday.
LONG : NIO
Break of 50.73
Target 1 - 52.5
Target 2 - 53.14
Target 3 - 54.5 is major resistance
SHORT : NIO
Break 45.62
Target 1 - 44.70
Target 2- 42.90
Target 3- 41
Target 4- 37.05 is major support
LOW VOLUME this week due to holiday, use RISK MANAGEMENT !
Happy trading fam , Lets get this bread
Remember holiday week, its short. I would recommend 12/4 contracts, instead of the 11/27 since you markets are closed Thursday for Thanksgiving and close early Friday.
LONG : NIO
Break of 50.73
Target 1 - 52.5
Target 2 - 53.14
Target 3 - 54.5 is major resistance
SHORT : NIO
Break 45.62
Target 1 - 44.70
Target 2- 42.90
Target 3- 41
Target 4- 37.05 is major support
LOW VOLUME this week due to holiday, use RISK MANAGEMENT !
Happy trading fam , Lets get this bread
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.
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.