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msss2019

NIO - Trend analysis proved correct.

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NIO Inc. (NYSE:NIO)  
msss2019  
NYSE:NIO   NIO Inc.
Chart Patterns Trend Analysis NIO niolong long-term
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chartpattern trendanalysis nio niolong long-term
As you saw in my previous post, the price was in an upward trend at £37.83. I analysed that the upper declining trendline/resistance would be broken on the next approach and the price will rocket up to $45. The price did indeed smash through the upper resistance and has since made highs of $42.95 and still rising fast!

We will see $45 in the coming days as the Earnings Report comes out with great Q1 news so far for the company. Trading is active and holding LONG position.

EOY prediction $70+
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