NIO Long - Price holding at support, ready to rise

As posted yesterday, price is retracing and reacting to Q4 2020 earnings report.

The price is holding steady at 42.xx support which goes as low as $38.00. Price should begin to rise now as things settle down. Long entered here as price expected to rise up to $50+.

SL & TP on chart.

Kommentar:

"J.P. Morgan: Don’t Say Bye Bye to NIO Stock, Say Buy Buy"
"CICC said it maintains an unchanged price target of $85 for NIO, corresponding to a 71% upside."