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This Electric Car Maker Is Starting Its Next Leg Up, Watch This Target

Published 07/25/2019, 02:09 AM
Updated 05/14/2017, 06:45 AM

Shares of Nio Inc. (NYSE:NIO) ran from $2.30 to $4.00 recently. After two weeks of consolidation, the Chinese electric car maker appears to be headed for another big leg higher. With a beautiful bull flag on the daily chart, a necktie has also formed between the 20 and 50 moving averages. This adds extra spice to the Nio's propulsion. The stock is surging and likely will take out the $4.00 high, headed over $5.00. Note the chart below.

Daily NIO

Latest comments

What is the analysis now?
are you still an analyst or are you back to a supermarket seller?
Are you still sure!!!?
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