blue.tato

Key $5.8 Level

NYSE:NIO   NIO Inc.
As mentioned in previous posts, $5.8 is a key level. The price may start to swing above or below this level within a possible 7-10% range, Eiffel Tower pattern could be another possible pattern as well, however given the traded volume and the news published during the uptrend, Eiffel Tower - if happened - could be interrupted by those who couldn't catch the Up-Trend train and just waiting for dips to buy the stock, and/or institutional funds who are heavily invested in the stock and need to average down or save the price level, and simultaneously increase their share in the company.
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