Few things we are watching for $NIO at the moment:
The HSI continuing to show strength and moving to the upside over the next few weeks/months
$TSLA breaking out of its wedge again and holding above $223 could be bullish for the sector
RSI for $NIO marking a clear bounce above the 30 level
A potential double bottom on the $3.60 level
We still need to see a break out of this channel and getting above the 50 Day MA at $4.40
Gareth Neary
2024-08-20 10:53:17 +0000 UTCGM
2024-08-19 19:49:31 +0000 UTC