Long Nio

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Solid Company, Strong backing and we got some great supports At this area.
Long at 5.80s, stoploss 5.30s, take profit 7.98s.

I have seen this stock bounce around this area multiple times, and ran up. it's a luxury car company in china, with strong backing from Tencent(they are like Berkshire capital of china) as they own 20% stake.
This is the same company that once saved ATVI back in the days when it was a just some under $15 stock and infused them with enough cash to make them the gaming giant they are now.

I highly doubt Nio is going to under soon. They are the closest to competitor to Tesla in china.

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ملاحظة

Add position at the $5.40, ultimate support at 5.35.