NIO had a strong breakout on 1/2/21 gapping up from $6.91 to an intraday high of $64.09. It retraced back into the gap at $31.76 and now facing a short term downtrend since 25/2/21 with the worst case scenario of closing the gap to $6.91.
The weekly pivot at $35.27 must hold for price to retest $64.09
PIVOT 45.69
Long Positions above 45.69 to test 47.81 and 64.09
Short positions below 45.69 to test 40.97 and 35.27
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