$NIO 2HR

Nio like TSLA failed to break out of its bear flag. Chart looks like stock needs more time. More of a retracement is possible before continuing rally. Many will say this is undervalued and some will say it will go lower but perception is not reality. Just remember in a bubble no investment idea is too crazy. Longs can be taken above previous week high or into demand.
Chart PatternsTrend Analysis

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