InvestorsHub Logo
Followers 45
Posts 1637
Boards Moderated 1
Alias Born 10/13/2009

Re: None

Tuesday, 01/07/2020 2:09:11 PM

Tuesday, January 07, 2020 2:09:11 PM

Post# of 19856
Retrace Buy On NIO Inc (NIO)

After a massive run in shares of Chinese electric car maker NIO Inc (NIO), investors are asking where to buy it again. The stock ripped from $1.20 to $4.90 between October 2019 and December 2019. After hitting $4.90, NIO is pulling back solidly. This is what you want to see as an investor or swing trader.

Essentially, investors interested in buying want profit taking and digestion of the massive move. The question is, where does the chart say to buy it again. The answer is $2.70. This will represent a retrace to the ‘scene of the crime’ breakout on the stock. This is the point where NIO Inc busted through a major gap fill and surged nearly 100% in a day.

At $2.70, NIO Inc represents a strong buying opportunity for the next bigger move up above $5.00. Stock investors and traders looking to profit will accumulate starting here.

See the chart here: https://inthemoneystocks.com/investor-stock-chart-retrace-buy-on-nio-inc-nio/

Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.