NIO Inc.Long
NIO to return to previous trendline, buy zone 38-42
Nio very near the previous trendline in green. expecting Nio to break the recent downtrend in dashed redline.
There might be some smal resistance around $45, co-inciding with fib 0.382, but a mid term price target of $50 coinciding with fib 0.618 is very reasonable.
There might be some smal resistance around $45, co-inciding with fib 0.382, but a mid term price target of $50 coinciding with fib 0.618 is very reasonable.
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