$NIO TOP 20
Added 2024-04-09 18:25:10 +0000 UTC$NIO has got a breakout above the 50 MA on the 1hr chart which has been a thorn in its side since the 15th of March and kept the price drifting down.
We have not seen a retest of this MA yet but this would be ideal before moving higher to test the wedge breakout level.
It appears that the 200 MA on the 1hr chart will drift lower to align with the red trend line shortly, so this would be a strong confluence level at $5.
This red trend line has been a difficult resistance line to breakthrough so naturally a break above and hold above this level changes everything for $NIO.
So this is what we will watch for.
Comments
Yep and earnings.
Gareth Neary
2024-04-10 14:21:46 +0000 UTCWhat is interesting is that this wedge lines up well with their date to release their sub brand.
BHelmsUNC
2024-04-10 14:19:48 +0000 UTC
