IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
NIO IS A CHINESE AUTOMBILE COMPANY THAT DESGINED AND MANUFACTURES PREMIUM ELECTRIC VEHICALES, IT HAS BILLED ITSELF AS AN UP AND COMING RIVAL TO TESLA😁
TECHNICAL SPEAKING:- NIO WAS FOUNDED IN 2014 BUT IT WENT PUPLIC IN THE U.S ON SEPT,12,2018,SO WE CAN CONSIDER THE FOUNDING IN 2014 TO THE TOP OF 2018 IS THE FIRST WAVE ,AND CORRECTION HAS TAKEN PLACE AS WAVE TWO UNTIL OCT LOW, 2019
OR WE CAN START COUNTING FROM THE OCT LOW,2019 AT 1.22 AS FIVE WAVE UP SEQUENCE STILL DEVLOPING , I THINK NIO COMPLETED FOUR WAVES AND THE ADVANCE IS NEAR TO END, WE NOTICED FROM MARCH LOW NIO SHARES RUNNING UP MORE THAN EIGHT TIMES, ITS OBVIOUSLY THE MASSIVE RUN UP WAS THIRD WAVE THAT ENDED AT 16.42$ BEFORE THE PULLBACK TO 11.74$ OCCURED AS
WAVE FOUR , SO THE SHARE LOOKED LIKE IT WAS ON THE EDGE OF A MAJOR UPWARD PUSH(FIFTH WAVE)
NEEDLESS TO SAY, RE ENTRY POINT WAS AT 11.74 TO UPWARD TARGET AROUND 17.75$ OR EVEN MORE AND STOP LOSS PENNY BELOW 11.74 OR PENNY BELOW 10.9
