NIO
Look for the entry at the Demand Level where the unfilled Institutional buy orders remain.
The Stop goes below the Demand Level.
Target 1 is before the previous high.
No target 2. Hold for long term and the stop will go below the pivot lows or bases on the Daily chart.
Positives.
Massive relative strength to S&P 500 and Nasdaq. The stock did not sell off heavy with the major Indexes.
Negatives:
Chinese company.
The Stop goes below the Demand Level.
Target 1 is before the previous high.
No target 2. Hold for long term and the stop will go below the pivot lows or bases on the Daily chart.
Positives.
Massive relative strength to S&P 500 and Nasdaq. The stock did not sell off heavy with the major Indexes.
Negatives:
Chinese company.
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