NIO looking good for averaging in

NIO is one of those long term holds that will very likely pay off in the future... however, with the market uncertainty at the moment you may want to place buys in the sub $20 region rather than getting in right now. If you're trading, wait for a bounce or break of the trendline.
Chart PatternselectricvehiclesNIOteslaTrend AnalysisTesla Motors (TSLA)Wave Analysis

Disclaimer