1. Break-out of channel $70 2. Pull-back 55% Retracement toward $30 3. Ideal Entry@ $30 to $50 4. Target@ $60 to $2,500
Fundamental Asset Descriptions:
NIO is a Chinese multinational automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric vehicles. The company is also involved in the FIA Formula E Championship, although NIO has ended funding the team after selling to Lisheng Racing.
NIO is much more than a car company. NIO designs and develops smart, high-performance, electric vehicles with an aim to be the first “User Enterprise” .