$NIO has been moving well this year and we have been seeing some positive moves that we have not seen in a long time here
Price has broken out of the downward channel, broke above the 50 and 200 Day MA's, there was also a test of the $5.32 blue line yesterday too.
Like I said in the last update, a retest of the 200 Day MA from above and holding at $4.72 or recapturing the blue support line at $5.32 are both bullish scenarios we would be happy to see next