Nio is looking for a breakout after recent pullback over the past several weeks. Resistance lies at 60 and 66 with a price target to the upside of 75. If support at 54.54 fails, the trend may become invalidated. There was an unusual call option of $1.6m for 62 strike expiring February 19, 2021. Nio has earnings after hours on March 17, 2021 which acts as another anticipatory catalyst for the price to push higher.
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