Stock to watch: $NIO

Chinese electric automaker NIO (NYSE: NIO) stock closed above $50 on Tuesday. $NIO shares up more than 10% this week.

In the short-term, If the bullish momentous continues the next upside levels to watch $54 and $58. On the flip side, $43 is a crucial support level to watch.

NIO is indeed a good.stock and has shown tremendous growth in the span of weeks. With a constant increase from 10% to 15%, its value went up consistently.

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