Nio Inc (NIO): $NIO " On a technical basis, NIO has alr...

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Re: Eagleize post# 5601

Friday, 06/28/2019 10:43:54 AM

Friday, June 28, 2019 10:43:54 AM

$NIO " On a technical basis, NIO has already made a pivot low on June 14 at $2.35. After that low, the stock ran over $3.00 and is currently in a classic bull retrace. In addition, technical metrics like the RSI and MACD are showing positive divergences, signaling further upside is likely. The stock is still oversold on a monthly and weekly basis signaling there is still upside to go. I have a technical target in the next couple months of $4.35. That is a potential upside move of 70%. Hedge funds continue to hold large positions with a long term view. " https://www.investing.com/analysis/china-stimulus-buy-nio-200435369

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