$NIO has performed well and has done so since bouncing at $3, price is back above the important $3.60 level and broke above the 50 Day MA today too.
I believe the price can continue moving up to the 200 Day MA at $4.60 before needing a pull back too, so I have added in the smaller green fib levels to reflect this pull back, $NIO needs a higher low and this will be important, as the price has not been able to do this for some time.
So if you are considering a position, I suggest waiting for the pull back to a higher low, once it can hold.