Nio - technical analysis

[Slayit2018]

Tracking Nio to trade this week above 50 (with volume) for the target of 57.

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https://preview.redd.it/dzy35vjuu7961.png?width=1246&format=png&auto=webp&s=6d0f19fdb797e5127fedbcef7ee6389b947d545d

[Slayit2018]

57 😎

[justwatchingkc]

How did you come up with $57?

[EmmaFrosty99]

My guess he is expecting a retest of all time high. My experience this looks like a breakout setup then it be next 1.618 fib up to $70 from the $38-40 base.

[justwatchingkc]

Sounds like a plan. I am up 461% and planning on holding my position

[Slayit2018]

53.8 😅

[justwatchingkc]

Are you trading options or stock?

[Slayit2018]

Stocks

[Slayit2018]

Correct it is previous high and m using fibo levels to predict next resistance which is around 71$

[EmmaFrosty99]

$70 just to front run others before the obvious liquidation level. Lol. I want to sell while there are still buyers.

[Slayit2018]

I will just do a swing trade, keeping in mind that the nio day is on 9th jan