Bozz's Trade Idea: 
NIO
Bozz's Trade Idea:NIO
I am thinking of taking a position in NIO.
Why?
The stock is bouncing around the $7 support area, while MACD and RSI are moving upward. The accumulation distribution is starting to curl up in the past few trading sessions, suggesting accumulation has started to happen.
If the $7 support fails, though, it can fall right to $4.81. So, know your risk.
Upside Targets:
$9.97
$12
$13
Downside risk:
$4.81
NIO Bozz's Trade Idea:
NIO I am thinking of taking a position in NIO.
Why?
The stock is bouncing around the $7 support area, while MACD and RSI are moving upward. The accumulation distribution is starting to curl up in the past few trading sessions, suggesting accumulation has started to happen.
If the $7 support fails, though, it can fall right to $4.81. So, know your risk.
Upside Targets:
$9.97
$12
$13
Downside risk:
$4.81
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.