NIO key levels
For NIO, there are couple of levels I am watching. $54 is the first level that’s important. If it can stay over this tomorrow in PM and into the open, we can see NIO make crazy move back to $55.5 and then ATH of $58
If $54 doesn’t hold, next level of support of $51.5 which is the last line in the sand. If that holds, this could continue to be strong and could bounce strong
If $51.5 goes, NIO could go short term weaker and I would either short or buy puts.
If $54 doesn’t hold, next level of support of $51.5 which is the last line in the sand. If that holds, this could continue to be strong and could bounce strong
If $51.5 goes, NIO could go short term weaker and I would either short or buy puts.
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