NIO relative strentgh

21 בדצמ׳ 2020

I took a small position in NIO due to the markets being pretty far into a pullback and this name has shown a lot of relative strength today. (green on a red day). Sitting right under resistance this is all a green light for a pop when the markets reverse to the upside. Keep an eye on this name. I will be trailing this with a stop loss under the previous low of the day.

remember no one went broke taking a profit.