NIO Inc.Long
NIO bottomed with island reversal; next 2 TP levels
Nio fell down from a falling wedge, made an island reversal. Then quickly went above the wedge.
I think the ABC bottomed at 13.01 & Nio will be making a new 5 waves up.
Nest 2 targets are 26.20 & 34.20.
It must hold 21 to be very bullish although retracing down to 17 is still normal.
EV will still trend in 2022 as the world realizes the need for alternative green energy & autonomous driving.
Not trading advice
I think the ABC bottomed at 13.01 & Nio will be making a new 5 waves up.
Nest 2 targets are 26.20 & 34.20.
It must hold 21 to be very bullish although retracing down to 17 is still normal.
EV will still trend in 2022 as the world realizes the need for alternative green energy & autonomous driving.
Not trading advice
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