You can see Nio has triple bottomed out and it has tested the resistance every time after... if it can break the resistance we can see it move up towards the target... if it breaks that it could go to all time highs
Kommentera
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I believe this breaks out tomorrow and gaps up to $38.50 and up to $40 eow
that could be a triple bottom. That is what I am wanting. But that is also a bearish triangle where it's forming lower highs and looking to break current support
davidgnau
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@cryptotrain, Yes it could go either way it all depends on how it breaks out of both the support and resistance we will have to keep an eye on it
Johnstonks8
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Great chart, it is also important to note that these bottoms are happening on the .5 fib level which is the most common level in which stocks tend to pull back to. The last bottom was also supported by the 200MA. All good news!
davidgnau
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@Johnstonks8, yes hopefully we will see some good volume next week and watch it break!
They_Call_Me_Smarty
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In a research note on Monday, Mizuho Securities analyst Vijay Rakesh reiterated a buy rating and a $60 price target on the electric car company.
Deutcshe Bank also reiterated on Monday to $60+ ... Not so sure that's anywhere on the charts folks