NIO Attempting To Reclaim IPO price

21 Oca 2020

NIO recently broke out from a fall wedge and it appears to be heading back to challenge the IPO low of 5.35. If it can move back into the IPO range, the next potential target could be near the 6.49 level. If this attempt fails, then it needs to hold the 4.00 support level in order to maintain its current momentum change.