NIO boomed to the upside, expecting NIO to upside, looking for re entries around 55 for good Risk to reward, that would be the retracement of previous week. That would be worst case scenario.
I have a bullish falling wedge as long as it breaks through trendline as it has created a lower high (NO GOOD)
As long as we #staybullish we should se NIO hold 61 dollar (monthly 1.618 level)
If that support breaks the nentries are located at 55 level from previous weekly retracement.
-BLKopalInvestments
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