$NIO is testing the top of its channel once again today at $4.15, with the 50 Day MA at $4.33.
I think we are all aware what needs to be done here by the bulls, a breakout and converting the 50 Day MA to support, before making a move up to the next blue line at $5.32, where the 200 Day MA will be waiting.
Earnings date has been set on the 5th of Sept, it needs to beat.
Marty Austin
2024-08-27 04:53:11 +0000 UTC