NIO Inc with the VERY interesting business model and the impressive recent results, is trying to make a come back in my opinion to the $20 area.
The price as shown on the chart seems to be respecting the 50MA at the 4h time frame.
The trend is still bullish in the sense that the 50MA is respected and today's break of the $18 level rises the chances of the price going up.
Personally I opened positions @ $16.90s level and have the intention of holding at least to the $19 area depending of course.
Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attacting comments and perhaps become better at trading stocks.
The price as shown on the chart seems to be respecting the 50MA at the 4h time frame.
The trend is still bullish in the sense that the 50MA is respected and today's break of the $18 level rises the chances of the price going up.
Personally I opened positions @ $16.90s level and have the intention of holding at least to the $19 area depending of course.
Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attacting comments and perhaps become better at trading stocks.
