nio can run to a new high
Updated
1. $40 level holds 3 times with a higher low.
2. 1 day chart has 50ema holds 3 times as well.
3. nio day is coming at Jan 9th.
4. TSLA price cuts will have a big impact on NIO, since the price is so competitive.
5. Having a sell put around 45, and need to watch closely next week to see how much impact on the news.
6. First target 56, second target 68, and stop 39.
2. 1 day chart has 50ema holds 3 times as well.
3. nio day is coming at Jan 9th.
4. TSLA price cuts will have a big impact on NIO, since the price is so competitive.
5. Having a sell put around 45, and need to watch closely next week to see how much impact on the news.
6. First target 56, second target 68, and stop 39.
Note
Very strong push up because of amazing delivery numbers, and seems tesla's price cut doesn't make any impact on it.I will add more sell put 45 if it does some minor pull back tmr.
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