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aaron-618trading
Feb 19, 2021 10:30 PM

Four reasons to BUY NIO!!! Long

NIO Inc.NYSE

Description


NIO completed a WXY correction. Y hit perfectly the 100% Fib extension of W which is the most likely target. In addition we hit the 50% Fib retracement of the whole move and channel resistance. We're at a massive support!! MACD is about to crossover. Targets are $74.30 and $92 the 61.8 and 100% fib extension of the whole move.
Comments
Supa_R
any specific reason for chosing 2h chart..usually we follow 1 h chart..
aaron-618trading
@Supa_R, Had the feeling 2h chart gives a better overview over the whole structure and target areas.
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