NIO direction ahead of ER report.
Well hello everybody,
My second favorite stock is on an absolute tear this year, you may be wondering: "what's happening next?".
Well, i know you are, so lets see..
Based on this chart, NIO is extremely bullish headed into its ER report but i did notice that NIO is heading to fill the big gap of this morning,
so what i think is happening here, is that NIO will first fill in its gap and move towards the 46-48 price point until it begins its climb once again.
We see the RSI being over 50-70 level which signals overbought / strong bought levels.
I think NIO will crush ER and will see $70 by year end.
Lets see how it plays out!!
My second favorite stock is on an absolute tear this year, you may be wondering: "what's happening next?".
Well, i know you are, so lets see..
Based on this chart, NIO is extremely bullish headed into its ER report but i did notice that NIO is heading to fill the big gap of this morning,
so what i think is happening here, is that NIO will first fill in its gap and move towards the 46-48 price point until it begins its climb once again.
We see the RSI being over 50-70 level which signals overbought / strong bought levels.
I think NIO will crush ER and will see $70 by year end.
Lets see how it plays out!!
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