Allenvik

NIO looking to retrace some gains.

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NYSE:NIO   NIO Inc.
NIO trend is very solid and strong, it has been performing above out expectations as it blew up out last 2 entrancement calls.
Now it looks it will retrace a little, but is clear that the company is moving ground and the sky indeed is blue for NIO.
I think it will consolidate a little here, with the range between the FIB impulse lines, I wouldn't get surprise that it will never actually retrace the 50% fib.
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